News on issues related to managing clinical laboratories.
A record pace of hospital mergers, including 115 in 2017, has the potential to alter the laboratory competitive landscape, consultants say.
Proceeds from the offering, expected to close on or about Aug. 14, could be used to fund acquisitions, to repay existing debts, or for working capital.
The JV is expected to grow the outreach business by combining state-of-the-art lab facilities with Sonic's connectivity and analytics capabilities.
The company's net loss for the quarter decreased to $6.2 million, or $.01 per share, compared to a net loss of $16.9 million, or $.04 per share, a year ago.
The lab will test samples reimbursed only by the federal government. Attis expects it will test a baseline of 3,000 toxicology samples per month by the end of 2018.
