NEW YORK (360Dx) – Sonic Healthcare USA and ProMedica Health System today announced a definitive agreement to create a joint venture to improve laboratory services in Ohio, Michigan, and parts of Indiana.
The JV, called ProMedica Pathology Laboratories, will be based in Toledo, Ohio. It will combine ProMedica Health's inpatient and outreach laboratory testing capabilities with the esoteric testing capabilities offered by Sonic Healthcare USA and the outreach lab knowledge of its Pathology Laboratories division, the partners said.
ProMedica Path Lab will provide inpatient reference testing services for ProMedica Health's rapid response lab and will offer a comprehensive menu of outreach testing services to physicians. More than 90 percent of the testing by the joint venture will be performed at the Toledo core lab, the partners said.
Financial and other terms of the deal were not disclosed.
ProMedica Health is a not-for-profit integrated healthcare system based in Toledo serving communities in 30 states. Among the services it offers are acute and ambulatory care, and health and dental insurance.
Sonic Healthcare USA, headquartered in Austin, Texas, is a subsidiary of Sonic Healthcare, based in New South Wales, Australia.