Month: September 2006

September 25, 2006 “Intelligence: Late Breaking Lab News”

On September 8, Becton, Dickinson & Company (BD) announced that it would acquire TriPath Imaging, Inc. for a purchase price of approximately $350 million. TriPath’s share price has not moved significantly over the past five years, so many shareholders were pushing for change. BD and TriPath have been close collaborators in several areas of molecular …

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Walk-In Clinics in Retail Stores Is Hot New Healthcare Trend

HERE’S A NEW HEALTHCARE BUSINESS MODEL THAT IS POISED to transform primary care in the United States and is likely to upset any number of traditional clinical relationships in this country. The business model is the walk-in, 15-minute clinic located in a retail store. These types of clinics can already be found in stores operated …

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Middleware Produces Data In Real Time for Lab Managers

CEO SUMMARY: With sustained pressure on laboratories to cut costs, reduce errors, and raise quality, lab managers need faster access to detailed information about lab work processes. One solution is to use middleware to collect data in real time from the LIS and other sources, then analyze it to identify problems and opportunities for improvement. …

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Like Lab Medicine, THE DARK REPORT is Changing

ANY PATHOLOGIST OR LABORATORY ADMINISTRATOR who believes there is a status quo in laboratory medicine is ignoring plenty of evidence to the contrary in the healthcare marketplace. Radical evolution is altering the health insurance industry, for the second time in almost 20 years. The Internet and new technologies in computer hardware and software enable the …

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Increased Competition For Hospital Lab Referrals

CEO SUMMARY: It’s a buyer’s market for hospital send-out testing because the supply of such tests exceeds demand. To fill excess capacity in their labs, some reference/esoteric lab companies are willing to offer rock-bottom prices to new clients. This situation is also motivating national lab companies to develop and offer additional services to clients as …

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Buyer of MDS’ Canadian Labs Agrees to Pay C$ 900 Million

CANADA’S LARGEST CHAIN OF CLINICAL LABORATORIES will change hands in a deal revealed on September 7, 2006 by Toronto’s The Globe and Mail. MDS Inc. will apparently sell its diagnostics division to Borealis Infrastructure Management Inc., a private equity group owned by the Ontario Municipal Retirement Board (OMERS). The purchase price will be C$900 million …

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Some Random Insights About LabCorp’s Thinking

CEO SUMMARY: Having scooped up a number of mid-sized laboratory companies in recent years, Laboratory Corporation of America is working to integrate these operations and continue to expand its market share. In a recent conversation with financial analyst Bill Bonnello of Wachovia Securities, LabCorp executives discussed a variety of topics and trends in the laboratory …

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Sonic Healthcare & CPL Make First Acquisition

CEO SUMMARY: Expanding from its base in Texas, Clinical Pathology Laboratories, Inc. (CPL) has acquired Cognoscenti Health Institute, LLC of Orlando, Florida. The deal was done discreetly and gives Sonic Healthcare, Ltd., parent of CPL, a solid foothold in Florida. Cognoscenti has also made impressive progress on building an evidence-based medicine service menu, something that …

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Bio-Reference Enters DNA Sequencing Market

CEOSUMMARY: Bio-Reference Laboratories has just placed an unexpected bet on the wide-open opportunities in genetic testing. The acquisition of GeneDX brings it a respected team of geneticists, capabilities in full DNA sequencing, and a proven track record in testing for rare and complex hereditary diseases. It also opens a new lab testing market niche for …

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McKinsey Predicts Most Hospitals Must Specialize to Survive

CEO SUMMARY: Imagine a healthcare system where successful hospitals specialize in particular clinical services, treat patients like customers at a Ritz Carlton Hotel, and have close clinical and financial collaborations with top-performing physicians. This is the American healthcare system of the 21st century, as envisioned by healthcare strategists at McKinsey & Company, one of the …

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