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Announced

Quest Diagnostics to acquire select assets of outreach laboratory services business from OhioHealth.

Synopsis

Quest Diagnostics, a provider of diagnostic information services, agreed to acquire select assets of outreach laboratory services business from OhioHealth, a nationally recognized not-for-profit, charitable, integrated health system. Financial terms were not disclosed. "Our transaction with OhioHealth exemplifies our ability to attract and collaborate with high quality health systems seeking to optimize their lab services. Health systems are increasingly turning to Quest because of our unique ability to deliver laboratory testing that is innovative, accessible and cost effective. This transaction also delivers on our strategy, which includes generating growth through accretive outreach lab acquisitions, and will extend our presence across Ohio," Jim Davis, Quest Diagnostics Chairman, CEO and President.

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