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More Consolidation: Quest Acquires AML

AML’s owners decide ending company’s independence is best financial option

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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