Valley Medical Laboratories has been acquired by Dynacare

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About the client

Valley Medical Laboratories has proudly served healthcare providers and the local community in the Okanagan Valley since 1969. This physician-owned medical lab grew from one technologist working from a small location in downtown Kelowna into a thriving network of more than 150 employees across 14 locations from Osoyoos to Lumby.

When the owners at Valley Medical were approached to sell, they reached out to our advisors. Before proceeding, they wanted professional business advice to ensure a potential deal would align with both their financial goals and community values, and existing employees would be safeguarded through the transition of the business.

Our advisors helped the owners make informed decisions and they felt at ease knowing that our M&A, accounting, and tax teams were advising them through the due diligence process.

Dynacare’s acquisition of Valley Medical opens the door to a wider network of services for patients, from specialized testing to home-care services, while keeping the company vision alive—as a patient-centric, community-driven service provider.

Fast facts

Client

Valley Medical Laboratories

Transaction type

Divestiture

Services provided

M&A

Sector

Medical

Close date

May, 2023

The client experience

“It was important for us to align with a company that had a similar vision, and we were confident Dynacare would be the right fit. The team at Grant Thornton helped the due diligence process run smoothly and without their help throughout this process, we wouldn’t have achieved the same result. We're grateful for their professionalism and all the work they did to make this acquisition a success.”

Dr. Larry Argatoff,
Valley Medical Laboratories