Quest Diagnostics, a provider of diagnostic testing, information, and services, completed the acquisition of Memorial Hermann Diagnostic Laboratories, a health, wellness and fitness company, from Memorial Hermann Health System, a not-for-profit health system that offers health care services, for $120m. "Memorial Hermann's partnership with Quest marks one of many strategic steps we are taking to make value-based care and expanded access to important health services a reality for Houston communities. As part of Memorial Hermann's commitment to lower the cost of care, the System intends to utilize Quest's expertise and scale to improve cost-efficiencies while maintaining the high quality services and comprehensive resources needed to make Houston healthier, now and for generations to come," David Callender, Memorial Hermann President and CEO.