Announced
Completed
Financials
Tags
Acquisition
Friendly
Health Care Services
Majority
United States
Single Bidder
Domestic
laboratory services
Private
Completed
Synopsis
Quest Diagnostics, provider of diagnostic information services, completed the acquisition of the outreach laboratory services business of Mercy, a not-for-profit Catholic health care organization. Financial terms were not disclosed. "Mercy chose Quest to provide outreach lab testing because of its record of innovation and efficiency and our shared commitment to providing high-quality, convenient care that is accessible to all. This relationship gives our patients and providers more convenient locations for sample collection and a significantly lower cost of testing while maintaining the same high quality patients and providers need," Lynn Britton, Mercy President and CEO.
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