Pathology giants see profits soar during pandemic

Medicare has funded more than 14 million PCR tests since the pandemic began

Pathology giant Sonic Healthcare saw its profits rise 149% to $1.3 billion worldwide thanks to intense demand for COVID-19 testing.

Dr Malcolm Parmenter
Dr Malcolm Parmenter.

Australians have had 42 million COVID-19 tests, with a third of those processed by private pathology labs.

The Federal Government introduced a Medicare item in March last year with a $24.40