March 1997

Las Vegas Lab Gathering Debates Industry Trends

Clinical Laboratory Trends / By Robert Michel

CEO SUMMARY: Always a good forum for discussion of laboratory industry trends, this year’s meeting in Las Vegas addressed government regulation, laboratory automation and everything in between. Here is a brief rundown on some of the more interesting insights and observations. ONLY A LIMITED NUMBER of laboratory programs exist which address the management interests of …

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LabCorp Seeks $500 Million Through Public Stock Offering

Laboratory Management / By Robert Michel

CEO SUMMARY: After a financially difficult year in 1996, LabCorp enters 1997 with plans to raise $500 million. Despite the laboratory industry’s poor prospects, LabCorp will probably succeed in raising capital. After this infusion of capital, will LabCorp’s new management team have winning strategies that restore LabCorp to profitability? IMAGINE ASKING WALL STREET for $500 …

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“March 10, 1997 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By Robert Michel

The field of automated cytology is advancing quickly. Technology is rapidly pushing into the marketplace. Here’s a sampling of recent developments among cytology-based companies… Cytyc Corporation and Laboratory Corporation of America announced on March 6 that a national contract had been signed between the two companies. LabCorp will make Cytyc’s ThinPrep® Pap smear available to …

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