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New Deal


Announced

Quest Diagnostics to acquire LabCare Plus of Summa Health.

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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United States

Domestic

Single Bidder

Acquisition

laboratory services

Private

Medical Services

Pending

Majority

Friendly

Synopsis

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Quest Diagnostics, a provider of diagnostic information services, agreed to acquire LabCare Plus, the outreach laboratory services business, of Summa Health, an integrated healthcare delivery system in Ohio. Financial terms were not disclosed. "Diagnostics provide the insights to deliver healthcare that is both high quality and high value. By helping top health systems like Summa Health optimize their lab strategies, Quest empowers better health and affordable care for more patients. We look forward to extending our reach to more communities in Ohio as we strive to build a healthier world," Steve Rusckowski, Quest Diagnostics Chairman, CEO and President.

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