Company

Sonic Healthcare Limited

Headquarters: Sydney, NSW, Australia

Founded: 1987. Parts of the company have operated for many decades

Employees: 38,000

CEO: Dr. Colin Stephen Goldschmidt

show_chart ASX: SHL

Market Cap

A$17.03 Billion

AUD as of April 1, 2022

US$12.77 Billion

history Market Cap History

Company Description

Sonic Healthcare Limited is a medical company specializing in diagnostics services. It provides services in pathology/laboratory medicine and imaging/radiology. Having grown through international acquisitions, Sonic Healthcare now operates in Australia, New Zealand, United States, United Kingdom, Germany, Switzerland, Belgium, and Ireland

Sonic Healthcare Limited market capitalization over time

Evolution of Sonic Healthcare Limited market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Sonic Healthcare Limited

Detailed Description

Sonic Healthcare Limited offers medical diagnostic services in Australia. The company provides laboratory medicine/pathology; diagnostic imaging/radiology, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry; and primary care medical services comprising general practice services, occupational health services, remote health services, community and home nursing services, primary care research programs, health assessment technologies, clinical trials, and chronic disease management programs to clinicians, hospitals, community health services, and their patients. It also offers administrative services and facilities to medical practitioners. The company operates in Australia, New Zealand, the United Kingdom, the United States, Germany, Switzerland, Belgium, and Ireland. Sonic Healthcare Limited was incorporated in 1934 and is headquartered in Sydney, Australia.

Wikipedia Introduction

Sonic Healthcare Limited is an Australian company that provides laboratory services, pathology, and radiology services. The Sydney-based company has its roots in the pathology practice of Douglass Laboratories, and since has become one of Australia's largest diagnostic companies. It has a presence in Australia, New Zealand, United States, United Kingdom, Germany, Switzerland, Belgium and Ireland. It is the largest medical laboratory provider in Australasia and Europe and the third largest in the US, it employs over 37,000 people. It was listed on the Australian Stock Exchange in 1987 as Sonic Technology Australia Ltd. The company changed its name to Sonic Healthcare Ltd in 1995. It is now part of the S&P/ASX 50, and is one of the largest medical companies listed on the ASX, CSL Limited, Cochlear and ResMed being the only other listed medical companies of comparable size. The company strategy is growth by acquisition of overseas companies. With many critiques arguing that such a strategy can lead to over diversification, yet has seemingly worked well to expand its business There is limited opportunity to expand further in the Australian marketplace and income in Australia is largely dependent on government health funding through Medicare. The firm has diversified its revenue base with moves offshore from Australia. Annual Revenues for Financial Year to June 30, 2019 exceeded A$6.2 billion. Dr Colin Goldschmidt is the CEO and Managing Director.

Source: Wikipedia, retrieved on April 15, 2021, 7:59 p.m.

Stocks & Indices

Sonic Healthcare Limited has the following listings and related stock indices.


Stock: ASX: SHL

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Product & Services

Pathology/laboratory medicine and Imaging/radiology

Key People

Dr Colin Goldschmidt (CEO, Managing Director)

Financials

Revenue: A$6.2 billion (2019)

Details

Headquarters:

Grosvenor Place

Level 22 225 George Street

Sydney, NSW 2000

Australia

Phone: 61 2 9855 5444

Fax: 61 2 9878 5066