Quest Diagnostics to acquire select assets of the outreach laboratory services business from University Hospitals.

Quest Diagnostics, a provider of diagnostic information services, agreed to acquire select assets of the outreach laboratory services business from University Hospitals, a nonprofit health systems and academic medical centers. Financial terms were not disclosed. "Top health systems like University Hospitals are transitioning their laboratory services to Quest in order to improve operating efficiency and ensure continued access to affordable care. Our specialization and scale empower us to optimize lab services for quality, innovation and affordability, enabling health systems to dedicate more resources to clinical patient care. We look forward to extending our presence in the many communities in Ohio that can benefit from our expertise," Jim Davis, Quest Diagnostics Chairman, CEO and President.