Healthcare

SONIC HEALTHCARE LIMITED

Company Profile Analysis

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SONIC HEALTHCARE LIMITED - Healthcare showcase

Year Founded & Workforce

1986-12-31

36,000 Employees

Industry

Healthcare

Services

S

SONIC HEALTHCARE LIMITED Overview

Company Headquarters: Sydney, Australia

Founded: 1987

Workforce: ~ 36,000

Company Working: Sonic Healthcare Limited (Sonic) operates in various segments in the healthcare industry, such as radiology, laboratory medicine/pathology, medical centers/primary care, life screen, occupational and general medicine, clinical trials, and food and water testing. Sonic’s clinical trial segment has one of the most dedicated laboratory segments, which provides a wide range of clinical trial support to pharmaceutical and biotechnological industries. The company operates in countries such as Australia, the US, Germany, Belgium, Switzerland, the UK, Ireland, and New Zealand, and has an employee workforce of around 35,000+ employees globally.

Strategy

Sonic’s strategy has forged strong market positions in eight countries, which in turn provides further growth opportunities, as well as risk mitigation through geographical diversification. The size and characteristics of its existing markets are such that it is not inconceivable that Sonic could double its existing global revenue in time without stepping outside existing geographies. The growth momentum continued at organic, acquisition, and hospital laboratory joint venture levels in 2018.

Company Snapshot

$3,608.9M

Revenue

36,000

Employees

1986-12-31

Founded

Sydney, Australia

Headquarters

SWOT Analysis

Strengths

  • Operates the consolidation of fragmented medical laboratory markets in targeted geographies
  • Maintains an investment-grade financial profile to ensure flexibility and manage risk

Weaknesses

  • High dependence on the Australian market
  • Rising competitors in Western Europe

Opportunities

  • New contracts and tenders from government
  • Negotiating major procurement contracts

Threats

  • Changing competitive environment
  • Fluctuating exchange rate

Key Developments

DateApproachDevelopment
January 2019AcquisitionSonic completed the acquisition of Aurora Diagnostics, anatomical pathology provider in the US, with approximately 220 pathologists and 1,200 staff, operating 32 anatomical pathology practices across 19 US states.
September 2018CollaborationSonic collaborated with ProMedica Health System, Inc. in the mid-west of the US. The collaboration will provide inpatient reference testing services for ProMedica’s hospital-based rapid response laboratories, as well as a comprehensive menu of outreach testing services for physicians based in Ohio, Michigan, and parts of Indiana.
July 2018AcquisitionSonic Healthcare has acquired Pathologie Trier, one of the largest anatomical pathology practices in Germany. Pathologie Trier operated four laboratories in West German cities with two laboratories strategically located within large hospital facilities.
August 2017CollaborationSonic and NYU Health System collaborated to form a laboratory operating in New York and trading as NYU Langone Diagnostics, LLC. The collaboration is focused on serving more than 2,000 physicians that NYU Langone Diagnostics, LLC employs throughout the five boroughs of New York City and the two counties on Long Island.
August 2017CollaborationA strategic collaboration has been signed between Sonic Healthcare Limited and the Australian Government for immunochemical fecal occult blood test supplies and services for the National Bowel Cancer Screening Program. This was the outcome of a competitive open market request for the tender process. It is estimated that, when fully rolled out, around 4 million eligible Australians will be invited annually, compared to around 2.8 million in 2017.
July 2017AcquisitionSonic Healthcare Limited acquired Medical Laboratory Bremen (MLB) in July 2017. MLB operates two laboratories in Bremen and Celle, in the North-West of Germany and is managed by its five pathologist partners who will remain with Sonic.
February 2017CollaborationSonic has entered into a collaboration with Baptist Memorial Health Care (headquartered in Memphis, Tennessee) for a bacteriology Center of excellence. The collaboration will operate a standalone, 24/7, state-of-the-art bacteriology laboratory which will serve Baptist’s 17 hospitals in Tennessee, Mississippi, and Arkansas, as well as Sonic’s existing referrers in the mid-south of the US.
February 2017CollaborationSonic and Western Connecticut Health Network has collaborated to form a Constitution Diagnostics Network, to provide enhanced laboratory services throughout Connecticut.
January 2017AcquisitionSonic acquired the German Staber Laboratory group. The group today operates three well- established hub laboratories in the cities of Munich, Dresden, and Kassel as well as 14 regional, specialty, and hospital laboratories across Germany.
January 2017AcquisitionSonic acquired West Pacific Medical Laboratory, a US laboratory business network of three clinical and anatomic pathology laboratories located in California.

Product Offering

  • SONIC HEALTHCARE LIMITED
    • Services

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles SONIC HEALTHCARE LIMITED as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

SONIC HEALTHCARE LIMITED

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