Lab Acquisition Activity Stays Busy as Stanford and Carilion Negotiate with Buyers

With demand driving prices to record levels for clinical laboratory companies and anatomic pathology practices, merger and acquisition (M&A) activity in the lab industry continues to grow across the United States. Just two weeks ago, Sonic Healthcare, Ltd. announced that it was purchasing Clinical Laboratories of Hawaii, LLP for an estimated $121 million dollars. That sale is expected to be completed by the end of third quarter this year. (See Dark Daily, June 30, 2008) Still unannounced...

Quest Diagnostics to Buy AmeriPath for $2 Billion

Here’s the latest shake-up to the laboratory testing marketplace. Quest Diagnostics Incorporated announced this morning that it will acquire AmeriPath, Inc. in a transaction valued at $2 billion. Both parties expect the deal to close before June 30, 2007. AmeriPath’s annual revenues are in excess of $800 million. Quest will pay $1.23 billion in cash and assume about $770 million of debt when the transaction closes. With its purchase of AmeriPath, Quest Diagnostics picks up three diverse...

Taking Back Pathology Business from Urologists and GIs: Pathologists Sodeman, Wright, and Petras Take Action

Growing numbers of urology and gastroenterology (GI) physician groups are taking deliberate steps to capture the revenues from anatomic pathology (AP) services generated by their patient referrals, The trend is already recognized to be one of the most destructive forces now confronting the pathology profession. So it should be no surprise that some of pathology’s more notable leaders are raising the alarm. Just in the past seven days, an array of lab industry heavyweights stepped up to...
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