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AAP
AAP
Business
Jacob Shteyman

Pathology company merger off after regulator opposition

The consumer watchdog has ruled against a merger of two major pathology companies. (Jeremy Piper/AAP PHOTOS)

A merger of two of Australia's largest pathology providers is dead in the water after the regulator blocked the move, citing fears it would lessen competition.

Shortly after the Australian Competition and Consumer Commission's announcement on Friday, Australian Clinical Labs said it did not want to go ahead with its acquisition of Healius anyway, due to the latter's recent poor financial performance and underwhelming earnings guidance.

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