asset acquisition
Quest Acquiring Select Outreach Lab Assets From Cleveland-Based Hospital Network
The deal with Cleveland-based University Hospitals, which consists of a network of more than 20 hospitals, is expected to close in Q4 2024.
CEO Jim Davis said Quest is working to meet several implementation deadlines, though he noted it does not expect this to add material costs to its business this year.
Quest Diagnostics to Acquire Select Outreach Lab Assets of OhioHealth
Most outreach testing will move to Quest, while OhioHealth will continue to operate its hospital labs covering inpatient and hospital-based outpatient care.
Quest Diagnostics Acquiring Canadian Lab Firm LifeLabs for C$1.35B
Quest expects the transaction will generate roughly C$970 million in annual revenues and will be accretive to adjusted earnings per share in the first year after closing.
Quest Diagnostics Acquiring Lab Assets of Allina Health
Under the deal, Quest will offer laboratory services to Allina Health clinic physicians and outreach providers in Minnesota and western Wisconsin.