Issue: Volume VII No. 4 - March 6, 2000

Being the Biggest Doesn’t Guarantee Success

NEWS THAT ANOTHER HEALTHCARE GIANT is in financial trouble and the object of an unwanted acquisition offer should not be surprising. Even if Aetna, Inc. is purchased by WellPoint Health Insurance Networks Inc. and ING Group NV, the new buyers must fix the same problems now plaguing the nation’s largest health insurer. (See page 8.) …

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NH Rural Hospital Labs Connecting Via Internet

CEO SUMMARY: Expect the Internet to be a tool for leveling the competitive playing field. Ten rural hospital labs in New Hampshire are now connecting their labs and their outreach physician office clients with a Web-based lab test ordering and results reporting system. The goal is to increase shared testing of lab work among members, …

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Academic Hospital Lab Raises Competitive Bar

CEO SUMMARY: Few academic center laboratories are as swift-moving as the UMASS Health System Laboratory. In the next 90 days, it will move into a brand new off-site core laboratory. During this same 90 days, it is implementing its first web-based laboratory test ordering and results reporting installations. This flurry of activity is driven by …

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WellPoint Health Networks Offers To Buy Aetna For $10.5 Billion

TAKING ADVANTAGE of a weak share price for Aetna, Inc., two major corporations sent an unsolicited tender offer to the Aetna board. The joint bid was submitted by WellPoint Health Insurance Networks Inc. of Thousand Oaks, California, and ING Group NV, a Dutch insurance company. The bid was proffered to Aetna on March 1. The …

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AmeriPath Pursues Ambitious Strategy Of Rapid Expansion

CEO SUMMARY: As the pathology profession’s only publicly-traded physician practice management company, AmeriPath is the spear point of far-reaching changes now transforming pathology. With an annual revenue run rate of $270 million and an ample war chest of growth capital, AmeriPath intends to continue its steady expansion. In the 28 months since its initial public …

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Park City Solutions, DIANON, IMPATH American Med Labs, Cytyc, TriPath Imaging

PARK CITY SOLUTIONS AND AMERICAN MEDICAL LABS CREATE STRATEGIC PACT TWO COMPANIES FINANCED by GTCR Golder Rauner, LLC, the private equity firm based in Chicago, announced a strategic relationship. Park City Solutions, Inc. of Park City, Utah and American Medical Laboratories, Inc. (AML) of Chantilly, Virginia will work together to develop e-business services for healthcare, …

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Quest Diagnostics Announces Plans for St. Louis, Chicago Labs

St. Louis will continue to be a major regional laboratory testing center for Quest Diagnostics Incorporated. As disclosed in the last issue of THE DARK REPORT, rumors from sources deemed credible indicated that all testing now done in St. Louis was to be consolidated at the Chicago laboratory operated by Quest Diagnostics. “This story is …

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“March 6, 2000 Intelligence: Late Breaking Lab News”

Interesting things are afoot at Esoterix, Inc., the Austin, Texas-based parent company for six specialty laboratories. President and CEO Charles L Dufesche, M.D. recently left. The new CEO is James McClintic. Esoterix has plans to become a public company and has been shopping its IPO (initial public offering) among brokerage houses. Calls to Esoterix went …

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