Issue: Volume IV No. 14 - October 6, 1997

Consolidation Within The Diagnostics Industry

IN THIS ISSUE WE ARE GIVING COVERAGE to the acquisition of Coulter Corporation by Beckman Instruments, Inc. for an important reason. I believe this merger is first evidence of impending and significant changes to the diagnostics industry. During the next 18 to 24 months, a deluge of mergers, acquisitions and joint ventures will be announced. Why? …

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Ohio Hospital Lab Lawsuit Tossed Out By The Judge

CEO SUMMARY: Hospitals in Ohio now find themselves at square one again in their efforts to stop federal prosecutors from continuing the statewide investigation of laboratory billing practices. The judge’s legal ruling denied jurisdiction to hear the case and did not address any of the arguments for or against the plaintiffs’ case. STATING THAT HER …

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Lab Market Trends Drive Beckman-Coulter Deal

CEO SUMMARY: Laboratory executives should pay attention to Beckman’s acquisition of Coulter. Together, both companies service a sizeable base of laboratory customers. Any changes to products and services resulting from this merger will affect a large number of clinical laboratories. Observers believe the merger is a strategic plus for both companies. FEW WERE SURPRISED when …

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Diagnostic Companies About To Undergo Change

CEO SUMMARY: Diagnostic companies are undergoing the same consolidation wave as commercial laboratories and hospitals. Beckman’s acquisition of Coulter provides an early example of how diagnostics companies will use acquisitions to create a comprehensive product line. Other surprising mergers between diagnostic companies are expected. CONSOLIDATION ACTIVITY WITHIN the diagnostic industry is about to intensify. As …

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Rural Hospital Succeeds With Lab Outreach Service

CEO SUMMARY: Laboratory administrators at rural hospitals generally believe there is no point in establishing a laboratory outreach program. Potential clients are few, and distances between small towns are great. But neither of these obstacles prevented Olympic Memorial Hospital from successfully offering laboratory outreach services to its rural market area. Olympic even acquired an independent …

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Scottsdale Pathology Gathering Targets Three “Money Tracks”

THE DARK REPORT’S Private Pathologist Income Symposium in Scottsdale on November 8, 1997 promises to be a uniquely candid, invaluable source of strategies, techniques and knowledge for preserving and enhancing pathologist income. It is restricted only to pathologists and their business advisers. Symposium leaders represent some of the shrewdest business and financial minds in the …

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Nominations Now Open For Laboratory Innovators

CEO SUMMARY: Nominations are now open as THE DARK REPORT seeks to identify laboratory executives who deserve recognition. Our annual awards program honors the innovators and leaders within the clinical laboratory industry who push the boundaries of management change and show us how to best respond to the challenges of managed healthcare. WITH 1998 FAST …

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“October 6, 1997 Intelligence: Late Breaking Lab News”

Michael J. Bechich, M.D., Ph.D. at the University of Pittsburgh School of Medicine, is hosting his second annual conference in Pittsburgh next week. Anatomic Pathology Informatics, Imaging and the Internet is scheduled for October 16-18 at the Pittsburgh Marriott City Center. Dr. Bechich is actively developing the capability of a virtual pathology practice using advanced …

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