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New Deal


Announced

Completed

Quest Diagnostics completed the acquisition of the laboratory services business of NewYork-Presbyterian.

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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Private

health care

Majority

Health Care Services

Acquisition

diagnostics

Domestic

United States

Single Bidder

Friendly

Completed

Synopsis

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Quest Diagnostics, a provider of diagnostic information services, completed the acquisition of the laboratory services business of NewYork-Presbyterian, an academic medical center. Financial terms were not disclosed. "NewYork-Presbyterian and Quest share a belief that exceptional patient care should be accessible to all. We determined that working with Quest would be the best path – allowing our patients wider access to advanced, quality laboratory services," Steven J. Corwin, NewYork-Presbyterian Managing Director, President and CEO.

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