Month: February 2002

Will Esoteric Testing Soon Undergo Consolidation?

WITH EACH INSTANCE OF LAB CONSOLIDATION, the commercial lab sector of the laboratory industry comes closer to a true duopoly. Economists define duopoly as a market substantially controlled by two companies. Economists believe that a duopolistic market shares many characteristics of a monopolistic market. Of course, in the clinical lab industry, the likely candidates for a …

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More Consolidation: Quest Acquires AML

CEO SUMMARY: In December, American Medical Laboratories, Inc. (AML) was preparing a second attempt to raise capital through an initial public offering (IPO). But a tempting purchase offer by Quest Diagnostics Incorporated led to a decision by AML’s owners to sell the company. This transaction is reminiscent of Quest Diagnostics’ bold move to buy SmithKline …

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Lab Automation Subject Of “How To” Program

CEO SUMMARY: Mastering lab automation is more difficult than it appears. The first-ever “Lab Automation Boot Camp” is assembling experienced lab administrators who have experience (and scars) in automation and are committed to telling the real story about making automation successful. It’s a “no-spin zone” where truth is the goal and there is balanced reporting …

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How Dr. Al Nichols Changed The Lab Testing Marketplace

CEO SUMMARY: At a time when lab testing meant routine assays performed within a few miles of the collection, Albert L. Nichols, M.D. envisioned a centralized national laboratory devoted to performing specialized, highly-complex testing to clinicians everywhere. Not only did his vision become the reality of the lab we know today as Nichols Institute, but …

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Hospital Mergers Decline For Third Consecutive Year

MERGERS AND ACQUISITIONS involving hospitals declined for the third straight year, according to Modern Healthcare’s eighth annual study of hospital consolidation activity. During 2001, there were only 272 hospitals involved in mergers or acquisitions. This is a 14% decline from the 318 hospitals involved in M&A deals during 2000. Modern Healthcare also determined that the total …

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ARUP Labs, ProxyMed, Unilab, Quest Diagnostics, Ventana, , Misys Molecular Diagnostics, WebMD, Varian

ARUP TO USE PROXYMED FOR BROWSER-BASED TEST ORDERS & RESULTS ARUP LABORATORIES, INC. and ProxyMed, Inc. signed an agreement that makes ProxyMed’s ProxyLabSM the preferred product for browser-based lab test ordering between physicians and ARUP’s hospital clients. The two companies will jointly market this product. It is designed to allow physicians to both electronically order …

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“February 18, 2002 Intelligence: Late Breaking Lab News”

Lab execs and pathologists should pay close attention to this fact: Internet use by Americans significantly increased again last year. The Commerce Department reported that. as of September, 143 million people in the U.S. were using the Internet. This is 54% of the population and represents an increase of 26% from one year earlier. E-mail …

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