Sonic Healthcare Acquires Strategic Stake In Microba Life Sciences, Establishes Significant Commercial Partnership
Acquiring Company
Microba Life Sciences Limited
Acquired Company
Microba Life Sciences Limited
Description
Microba Life Sciences Limited (ASX: MAP) (“Microba” or the “Company”) is pleased to announce that leading medical diagnostics provider Sonic Healthcare Limited (ASX: SHL) (“Sonic”) has agreed to invest $17.8m to acquire a 19.99% shareholding in Microba. In addition, Sonic is seeking to acquire options for an additional 5% equity position, subject to shareholder approval. Exercise of the options by Sonic would result in a further investment of $7.5m in Microba.
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Frequently asked
Who acquired Microba Life Sciences Limited?
Microba Life Sciences Limited was acquired by Microba Life Sciences Limited. The deal was reported on November 29, 2022. Microba Life Sciences is a precision microbiome company driven to improve human health. Microba Life Sciences Limited is privately held and operates in Biotechnology.
When did Microba Life Sciences Limited acquire Microba Life Sciences Limited?
Microba Life Sciences Limited's acquisition of Microba Life Sciences Limited was reported on November 29, 2022. Microba Life Sciences Limited (ASX: MAP) (“Microba” or the “Company”) is pleased to announce that leading medical diagnostics provider Sonic Healthcare Limited (ASX: SHL) (“Sonic”) has agreed to invest $17.8m to acquire a 19.99% shareholding in Microba. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Microba Life Sciences Limited do?
Microba Life Sciences is a precision microbiome company driven to improve human health. It is privately held, operating in Biotechnology.
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