NEW YORK (360Dx) – Quest Diagnostics announced Monday that it has acquired certain assets of the outreach laboratory services operation of Hurley Medical Center in Flint, Michigan.
The deal will enable the hospital's patients and providers to access Quest's broader range of diagnostics services and a larger network of patient care centers. The hospital will also gain access to Quest's Quantum suite of healthcare information technologies and data analytics.
Financial terms of the deal were not disclosed.
The hospital had been faced with making cuts to outreach services, hospital officials said.
"Given Hurley Medical Center's mission of access to care, we struggle with reducing services that we provide," said Melany Gavulic, president and CEO of Hurley Medical Center, in a statement. "However, we are fortunate that Quest is in our community and able to continue to provide access and availability to patients seeking cost-efficient outreach lab services."
Quest Chairman, President, and CEO Steven Rusckowski added, "This acquisition underscores the growing interest of health systems in transitioning their outreach laboratory services to Quest Diagnostics amid mounting reimbursement pressures. Quest has the expertise and scale to drive more value at less cost, and that makes us a strong partner in this changing landscape."
The deal is the latest in a recent rash of transactions in the lab industry between labs and providers of healthcare services. Last month, Quest announced a partnership with Alabama-based Regional Medical Center Health System for supply chain and reference testing services.
Last week Quest competitor Laboratory Corporation of America announced a multi-year collaboration with Kentucky-based Baptist Health for the creation of a core lab and data analytics services.