NEW YORK – Quest Diagnostics announced on Thursday that it has entered an agreement with integrated healthcare system Tower Health to provide additional laboratory services.
Under the multiyear agreement, Quest will offer its laboratory supply chain expertise, including the purchase of capital equipment, supplies, and reagents, as well as continue performing reference testing for West Reading, Pennsylvania-based Tower Health. The two organizations will also further explore additional opportunities to drive long-term value, Quest said in a statement.
Quest will support three hospitals in Tower Health's network: Reading Hospital, Phoenixville Hospital, and Pottstown Hospital.
The partnership will help Tower Health "streamline and enhance" its lab operations, Tower Health President and CEO P. Sue Perrotty said in a statement. "The ability to leverage Quest's purchasing power for equipment and supplies and their expertise in supply chain logistics allows us to continue to do what we do best: provide high-quality care to our patients."
Financial and other terms of the deal were not disclosed.
On Tuesday, Quest said it is acquiring certain parts of NewYork-Presbyterian's lab service business.