Month: February 2003

The Lab Industry’s Market Share Juggernauts

MOST OF YOU KNOW THAT 2002 WAS AN UNEXPECTEDLY ACTIVE YEAR for public laboratory company acquisitions. The entire rank of mid-market public laboratory companies actively selling routine testing services to physicians’ offices was swept from the board by Quest Diagnostics Incorporated and Laboratory Corporation of America. Our office has been fielding a steady flow of questions …

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Needless Mastectomy Draws National Attention

CEO SUMMARY: This widely-reported case of misdiagnosis at an Allina hospital in St. Paul, Minnesota is a powerful reminder to pathology practices and clinical laboratories that breakdowns in medical quality will draw increasing attention and scrutiny. Both the patient and the community are questioning why the pathologist who made the mistake will apparently be allowed …

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LabCorp Starts Tinkering With DIANON Systems

CEO SUMMARY: For almost two decades, DIANON Systems supported one of the most successful sales and marketing programs in the public laboratory sector. However, despite its pre-acquisition statements that it would retain DIANON’s operational integrity, LabCorp has already begun to implement subtle changes to DIANON Systems. Time will tell whether or not these management decisions …

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Labs In United Kingdom Study U.S., Canadian Labs

CEO SUMMARY: It was a groundbreaking first for both sides of the Atlantic. Senior pathologists and laboratory directors in the United Kingdom spent two days learning from their North American counterparts about the challenges and difficulties in laboratory consolidation and regionalization. For their part, the North American faculty gained useful insights about the way laboratory …

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Jamaica Med Techs, Kaiser Permanente, Cytyc, Myriad Genetics, Bayer, CLMA

MEDICAL TECHNOLOGISTS IN JAMAICA STAGE WALK-OUT IN JANUARY LABORATORY TECHS ARE NOT KNOWN to be a radical component of the labor movement. But that doesn’t seem to be the case in Jamaica, where more than 80 of that country’s medical technologists walked off their jobs twice in January in protests against pay inequities. The strike …

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Quest Ready to Move on Unilab, Announces Its 2002 Earnings

PERSISTENCE IS ABOUT TO PAY OFF for Quest Diagnostics Incorporated. After ten months of effort, it expects to finalize its acquisition of Unilab Corporation within weeks. But the Unilab acquisition soon to close looks different than the acquisition that was originally announced by the two companies back on April 4, 2002. At that time, Quest …

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“February 10, 2003 Intelligence: Late Breaking Lab News”

IMPATH, Inc. has replaced its long-time Chairman and CEO in the wake of a scandal involving expense accounts. The resignation of Anu D. Saad, Ph.D., was accepted and became effective today. In her place, IMPATH named Carter H. Eckert, an existing Director, as the new Chairman and CEO. IMPATH had conducted an accounting review of …

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