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Announced

Completed

Quest Diagnostics completed the acquisition of the outreach laboratory services business of Mercy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Health Care Services

Majority

United States

Single Bidder

Domestic

laboratory services

Private

Completed

Synopsis

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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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