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BREAKING NEWS: Medlab Announces Strategic Partnership

Accra, May 14, 2015 - Medlab Ghana Limited (Medlab), Ghana’s premier medical laboratory, announced today that it has entered into a strategic partnership with Synlab, one of the largest Clinical Laboratory Services providers in Europe. Synlab will become a significant shareholder in Medven Africa, the parent company of Medlab, and will support the future growth of Medlab. In particular, Synlab will assist Medlab to provide a wider range of specialised tests, to access an extensive range of specialised pathologists who can consult on patient results, to accelerate the introduction of new diagnostic technologies, and to develop partnerships with hospitals. Dr. Rosemary Keatley (Managing Director) and Mark Keatley (Chairman) will continue to be the executive management of Medlab Ghana, and will also support Synlab in identifying opportunities to provide international quality diagnostic services in other fast-growing African markets.

Dr. Rosemary Keatley, Managing Director of Medlab, commented: “We are excited about our partnership with Synlab, which will enable us to continue our rapid growth with the support of a strong partner. Medlab is well-established as the highest-quality and most-trusted medical diagnostic services provider in Ghana. The partnership of Synlab and Medlab brings a unique combination of strengths to realise our full potential in Ghana and to address the broader African market”.

Dr. Bartl Wimmer, Chief Executive Officer of Synlab, commented: “We are pleased to be entering the growing African laboratory services market with a strong and established local partner. This partnership combines Synlab’s excellence in international clinical laboratory services and Medlab’s operational experience on the ground and extensive contacts throughout Africa”.

INSERT: Dr Bartl Wimmer, CEO of Synlab (right), and Mr Mark Keatley, Chairman of Medlab Ghana Limited.