The struggling pathology company told investors it had engaged advisers to sell Lumus Imaging as it focuses on reinvigorating its core pathology business.
Already a subscriber?Healius, the struggling pathology company once known as Primary Health Care, is putting its Lumus Imaging business on the auction block after a three-month review of the company’s strategy as part of a broader turnaround plan.
Paul Anderson, who was CEO of Ten Network from 2015 to 2020, has hit the “sell” button on the Lumus Imaging business, which operates from 150 sites.rejected a $3.401-per-share bid from Swiss private equity firm Partners Group in 2020Its valuation soared during the COVID-19 pandemic as demand for testing boomed.
“Realising value from Lumus will enable Healius to drive the earnings recovery in the company’s large-scale national pathology network and maximise growth in our clinical trials business, Agilex,” he said in a statement.
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