Quote:
When Alberta's United Conservative government contracted out community medical lab testing to a private company in December 2022, it said it would save tens of millions of dollars.
Two weeks before that contract with DynaLife Medical Labs was set to take effect, the company told the province it needed additional funding.
Less than three months later, DynaLife's owners said the company was insolvent and needed an additional $70 million. They soon asked the province to buy DynaLife, which it ultimately did at a cost of almost $100 million.
These revelations come from documents obtained by CBC News through freedom of information requests, including Alberta Health emails and briefing notes prepared for Premier Danielle Smith and health ministers Jason Copping and Adriana LaGrange.
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https://www.cbc.ca/news/canada/edmon...show-1.7483023
Ah, the finest examples of Conservative fiscal management and the success of privatization. Exactly what Alberta voted for.
And I didn't even realize this bit:
Quote:
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In late February 2023, DynaLife's owners — Labcorp, a large American health-care company, and OMERS, a municipal employee pension plan in Ontario — "informally flagged financial concerns" about the company, according to the briefing note to Smith.
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So they begged for government money when their parent company had at least $15 billion in market cap. Taxpayer welfare for an American corporation. ####ing stunning.