Aurora Diagnostics sold to Sonic Healthcare.

[turtle1966]

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AD with 220 pathologists sold to Australian laboratory for 9x EBITDA.

Share Price & Information - ASX

 

[Thrombus]

AD with 220 pathologists sold to Australian laboratory for 9x EBITDA.

Share Price & Information - ASX

What a ridiculous price unless there is significant non-human capital involved (non-human book value).

Now these peon pathologists are OWNED by AUSTRALIAN CORPORATION!! FLEE PATHOLOGY NOW. BOYCOTT THE CAP!! DAMN THE ACADEMIC PATHOLOGISTS (DTAP)!!!

 

[Pathbusiness]

There is almost same amount of debt to be paid out of the proceeds.

 

[turtle1966]

What a ridiculous price unless there is significant non-human capital involved (non-human book value).

Now these peon pathologists are OWNED by AUSTRALIAN CORPORATION!! FLEE PATHOLOGY NOW. BOYCOTT THE CAP!! DAMN THE ACADEMIC PATHOLOGISTS (DTAP)!!!

FYI, lately, I was told, AD had been buying labs for between 1 and 2x EBITDA.

 

[turtle1966]

There is almost same amount of debt to be paid out of the proceeds.

I thought the debt was around 400 million. Usually, any outstanding debt is assumed by the buyer.

 

[AZpath]

I thought Aurora was in trouble.
This is Miraca 2.0 ?
Sonic raised funds to purchase them too.

 

[AZpath]

Maybe I can sell my lab for 9x before they get wise.

 

[WEBB PINKERTON]

Should have sold out to Aurora when they were spending money like a drunken sailor even though they had lost 400 million in 5 years. They were still buying path groups until fairly recently despite how grim things had gotten.

Wonder how many layoffs there will be when the consolidation begins. Bet it is a bloodbath.

 

[AZpath]

The high dollar days disappeared with the big cuts to the technical component

 

[Pathbusiness]

I thought the debt was around 400 million. Usually, any outstanding debt is assumed by the buyer.

It is paid first from the proceeds of an all cash buyout.

 

[LADoc00]

NINE TIMES. NINE?! really...really...Okay Im selling out, sorry guys.

 

[Thrombus]

The "9 times" is greatly dependent on what kind of salary they pay their pathologists. The "9 times" may be "1.5 times" next years earnings.

 

[LADoc00]

The things I would do for 5x EBITA are full on obscene, at 9x the wife is being thrown in as a bonus. Im serious too.