PHARMANET Group’s wholly owned subsidiary Medical Products Group has agreed to terms to buy Darwin-based Medlab Medical & Surgical for about $95,000.
Medlab was established in 1987 and is a general medical supplies company servicing general practitioners, hospitals, medical centres, first aid posts and the general public in the Northern Territory.
The company expects the acquisition to be completed this quarter.
Pharmanet has ownership interests in entities spanning biotechnology, medical packaging and general medical products distribution.