Announced
Financials
Tags
Majority
United States
Single Bidder
Joint Venture
Pending
laboratory services
Health Care Facilities
Acquisition
Private
Friendly
Synopsis
Quest Diagnostics, a provider of diagnostic information services, agreed to acquire a remaining stake in Mid America Clinical Laboratories JV, a growing and evolving organization providing a full range of laboratory services, from Ascension St. Vincent, a non-profit health system, and Community Health Network, a federally-qualified community health center. Financial terms were not disclosed. "This transaction delivers on our accelerate growth and operational excellence strategies, which focus on strategically aligned, accretive acquisitions, while bolstering our professional lab services. Health systems increasingly turn to Quest Diagnostics to optimize their lab strategies. We are pleased to take this step forward to deliver actionable diagnostic insights to more patients and providers in Indiana," Steve Rusckowski, Quest Diagnostics Chairman, CEO and President.
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