About LifeLabs
LifeLabs is a company based in Toronto (Canada) founded in 1998 was acquired by Quest Diagnostics in July 2024. It operates as a Professional Services, and Direct-to-Consumer (D2C). LifeLabs has completed 3 acquisitions, including American Radiology Services, BC Biomedical Laboratories and CML HealthCare. LifeLabs offers products and services including Diagnostic Testing, Genetic Testing, At-home Collection Kits, and Naturopathic Testing.
- Headquarter Toronto, Canada
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Quest Diagnostics
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
American Radiology Services
& 2 more
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Acquired by
Quest Diagnostics
(Jul 03, 2024)
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Products & Services of LifeLabs
LifeLabs offers a comprehensive portfolio of products and services, including Diagnostic Testing, Genetic Testing, At-home Collection Kits, and Naturopathic Testing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Diagnostic tests are provided for various health conditions.
Genetic tests are offered for family planning purposes.
Home kits are provided for convenient sample collection.
Naturopathic tests are conducted for wellness assessment purposes.
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Software Development Team
65 people
Senior Team
21 people
Leadership Team
21 people
Operations Team
17 people
Product Management Team
14 people
Finance and Accounting
11 people
Manager Team
10 people
Clinical Team
7 people
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Funding Insights of LifeLabs
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2007 | Amount | Private Equity Round - LifeLabs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LifeLabs
LifeLabs has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Quest Diagnostics and OMERS Infrastructure. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on clean energy investments
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Founded Year | Domain | Location | |
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Integrated diagnostic and IT services are provided to healthcare organizations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LifeLabs
LifeLabs has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include American Radiology Services, BC Biomedical Laboratories and CML HealthCare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Radiology and medical imaging services are provided at Maryland hospitals.
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1997 | ||||
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Healthcare diagnostic services provider
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1970 | ||||
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Medical laboratory services are provided to physicians, patients, and businesses.
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1959 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LifeLabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lifelabs Comparisons
Competitors of LifeLabs
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lifelabs
Frequently Asked Questions about LifeLabs
When was LifeLabs founded?
LifeLabs was founded in 1998 and raised its 1st funding round 9 years after it was founded.
Where is LifeLabs located?
LifeLabs is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of LifeLabs?
Charles Brown is the current CEO of LifeLabs.
What does LifeLabs do?
LifeLabs is established as the largest provider of specialty laboratory testing services in Canada. Operations are conducted across British Columbia, Ontario, and Saskatchewan, serving millions of patients annually. A wide range of diagnostic and genetic tests are offered to support healthcare decisions. Solutions are provided for individuals, healthcare providers, and corporate customers, including at-home collection kits and mobile lab services. The focus is maintained on delivering high-quality, reliable, and efficient testing to empower healthier communities. Partnerships are formed to ensure national access to specialized clinical tests. Community engagement and sustainability are prioritized alongside innovation in healthcare solutions.
What products or services does LifeLabs offer?
LifeLabs offers Diagnostic Testing, Genetic Testing, At-home Collection Kits, and Naturopathic Testing.
How many acquisitions has LifeLabs made?
LifeLabs has made 3 acquisitions, including American Radiology Services, BC Biomedical Laboratories, and CML HealthCare.
Who are LifeLabs's investors?
LifeLabs has 2 investors. Key investors include Quest Diagnostics, and OMERS Infrastructure.