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“July 31, 2000 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

Medical Management Programs, Inc. (MMP) of Southfield, Michigan is the new owner of the TPA (third party administrator) business formerly held by Universal Standard Medical Laboratories. MMP purchased the TPA business involving lab testing and home health services from USML’s Chapter 7 bankruptcy case last fall. During the 1990s, USML was unique among the nation’s …

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Lab Industry Attracting New Investment Dollars

Laboratory Management / By

CEO SUMMARY: Professional investors with access to hundreds of millions of dollars of investment capital are closely scrutinizing the clinical laboratory industry. They are encouraged by the recent financial performance of public laboratory companies. For independent laboratory owners, this may be a golden opportunity to sell or restructure their business on favorable terms. RECENT FINANCIAL …

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Several Labs Planning A Public Stock Offering

Laboratory Management / By

CEO SUMMARY: During the past six years, no general clinical laboratory company has undergone an initial public stock offering (IPO). That will certainly change during the next 24 months. There are several private lab companies which want to go public. But this business strategy can only succeed if the stock market stays flush and the …

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Qualigen’s POL PSA Test Cleared for Sale by FDA

Laboratory Equipment / By

CEO SUMMARY: Qualigen, Inc. gained FDA approval to sell its FastPack™ System for PSA testing in the United States. Qualigen is one more example of a technology company that expects to shift diagnostic testing out of core laboratories and closer to the patient. Initially Qualigen will sell this system to urologists, where it believes the …

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Dr. Bruce Friedman Identifies Market Dynamics Driving Evolution of Lab Information Services

Laboratory Information Systems / By

CEO SUMMARY: Probably no one is better positioned to identify the evolution of laboratory information services than Bruce Friedman, M.D., Professor of Pathology at the University of Michigan Medical School in Ann Arbor. For almost 20 years, he has hosted the pre-eminent meeting in laboratory informatics, known as AIMCL—Automated Information Management for Clinical Laboratories. Dr. …

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How Smaller Lab Organizations Can Compete

Commentary and Opinion by R. Lewis Dark / By

MAYBE THE PENDULUM IS SWINGING BACK IN FAVOR of smaller laboratory organizations. During most of the 1990s, consolidation and large size seemed to generate clout. But huge size didn’t always result in profitable laboratory companies. Witness the red ink spilled from such public laboratory companies as Corning Clinical Laboratories (now Quest Diagnostics Incorporated), Laboratory Corporation of …

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“July 10, 2000 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

When it comes to laboratory information services, the Internet may indeed be a competitive leveler. THE DARK REPORT is tracking a host of small software companies that already have working solutions for Web-enabled lab test ordering and results reporting installed and operating in the field. It seems the traditional giants of the LIS industry lack …

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Beckman Coulter’s Strategy Reflects Consolidation Trends

Laboratory Management / By

CEO SUMMARY: Rapid changes to the clinical laboratory industry had equally profound impact upon the major diagnostic companies. At Beckman Coulter, Inc., market forces triggered a decade of acquisitions and internal consolidation.The company looks very different today than it did ten years ago. Here’s a look at how Beckman Coulter views the near future for …

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Express Scripts, InformInvestor.com, UroCor, Bio-Reference Laboratories

Laboratory Management / By

PRESCRIPTION DRUG SPENDING HITS A RECORD INCREASE OF 17.4% IN 1999 Just-released data from Express Scripts, Inc. indicates that spending on prescription drugs increased by a record 17.4% during 1999. This compares to a 9.6% spending increase for drugs in 1998. As most lab executives know, prescription drug pricing is a hot-button issue with Congress. …

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