News, Analysis, Trends, Management Innovations for
Clinical Laboratories and Pathology Groups

Hosted by Robert Michel

News, Analysis, Trends, Management Innovations for
Clinical Laboratories and Pathology Groups

Hosted by Robert Michel
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Prices of Clinical Pathology Laboratories Are Rising Due to Buyer Demand

Conference on May 5 about clinical laboratory and pathology mergers and acquisitions

For owners and sellers of clinical laboratories and anatomic pathology groups in the United States, the past six months have been rosy times. That’s because buyers have stepped up and paid strong prices for the medical laboratory companies and pathology testing firms that came to market during this time.

Experts predict that merger and acquisition (M&A) activity in the clinical laboratory industry will continue to be robust. Several factors reinforce this optimistic prediction.

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Sunquest Information Systems Acquired by Huntsman Gay Capital in $208 Million Deal

Clinical Laboratory and Pathology Customers Will See Few Changes Under New Ownership

Sunquest Information Systems, Inc., has a new owner. Earlier this month, an investment consortium led by Huntsman Gay Capital paid an estimated $208 million to acquire a 51% controlling interest in Sunquest, which is based in Tucson, Arizona. Sunquest’s previous owner, Vista Equity Partners, will retain the remaining 49% of Sunquest’s stock and continue as a minority owner.

Sunquest’s flagship product is a laboratory information system (LIS) that is used by many clinical laboratory companies and hospital/health system laboratories in the United States and a number of other countries. It also sells an anatomic pathology information system, as well as other health informatics software products. The company says it has 1,400 hospital and medical laboratory customers worldwide. (more…)

Two Laboratories Make the “Best Places to Work in Healthcare” List

Culture and Benefits Play Significant Role in Employee Satisfaction

Two clinical pathology laboratories were recently given high rankings on Modern Healthcare Magazine’s annual “100 Best Places to Work in Healthcare.” It is the first time that more than one medical laboratory has earned this recognition in the same year.

Anatomic pathology
testing company Clarient, Inc., was selected as the number three best place to work in healthcare. Based in Aliso Viejo, California, Clarient employs 391 people. In the past year, its voluntary turnover rate was 9%.

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GE Healthcare Pays $587 Million to Purchase Clarient, the Specialty Pathology and Cancer Testing Firm

GE’s Acquisition Considered A Sign Of More Deals To Come In The Clinical Laboratory Industry

Here’s more confirmation that anatomic pathology continues to be a big target on the radar screen of big healthcare corporations and Wall Street investors. Today, GE Healthcare, a unit of General Electric Company (NYSE: GE), disclosed it will pay $587 million to acquire Clarient, Inc. (NASDAQ: CLRT), the medical testing laboratory.

For pathologists and clinical laboratory managers, this is further confirmation that GE—one of the world’s major players in molecular imagin and radiology—intends to combine molecular diagnostic technologies used in anatomic pathology with its molecular imaging technologies used in radiology. In the press release about the acquisition, GE wrote that the addition of Clairent would help it create “new integrated tools for the diagnosis and characterization of cancer.”

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