BERLIN, April 7 (Reuters) - German laboratory services group
Synlab said on Wednesday it planned to float on the stock
market, offering investors exposure to a coronavirus testing
boom and the consolidation of Europe's fragmented healthcare
landscape.
Sources familiar with the matter have said that Synlab,
owned by private equity group Cinven, could fetch a valuation of
6 billion euros ($7.1 billion) including debt when it lists in
Frankfurt.
Cinven bought Synlab for 1.7 billion euros in 2015 from BC
Partners and merged it with France-based Labco,
creating Europe's largest lab services provider handling about
500 million tests a year.
($1 = 0.8425 euros)
(Reporting by Douglas Busvine, editing by Thomas Escritt)