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Volume VII No. 9 - June 19, 2000

Investors Returning To Lab Industry

Commentary and Opinion by R. Lewis Dark / By

SOMETHING BIG IS HAPPENING to the clinical laboratory industry and the anatomic pathology profession. For the first time in six or seven years, the investment community is paying close attention to the laboratory industry. This should be a welcome development for commercial lab owners and anatomic pathologists. Behind the scenes and out of the headlines, a number …

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Merger Creates “New” Pathology Competitor

Pathology Trends / By

CEO SUMMARY: Pathology business consolidation and regionalization continues. Pathology Consultants of America, Inc. (PCA) and PathSOURCE, Inc. announced their intention to merge last month. The combined company will be called Inform DX, Inc. and will compete nationally for anatomic pathology business. Inform DX represents a new business model for the anatomic pathology profession. TWO WELL-FINANCED …

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1-For-10 Reverse Stock Split Boosts LabCorp’s Share Price

Laboratory Management / By

MAY PROVED TO BE an auspicious time for Laboratory Corporation of America to restructure its equity base. In the process, it’s positioning itself to be a tougher competitor in the lab testing marketplace. Ever since the company was first created by the merger of Roche Biomedical Laboratories and National Health Laboratories (NHL) in 1995, LabCorp’s …

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Web-Based Lab Transactions Part of McKesson HBOC’s Plan

Laboratory Information Systems / By

CLINICAL LABORATORY DATA will play a big role at iMcKesson, the new Internet healthcare business unit of McKesson HBOC, Inc., based in San Francisco. McKesson HBOC is putting existing business assets representing annual sales of $300 million into this new division. They include Abaton.com, Physician Office Manager, and Acess Health, among others. Real-Time Web Services …

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Questions Remain About Performance Of Liquid-Prep Paps

Laboratory Equipment / By

CEO SUMMARY: During the past five years, several companies entered the lab marketplace with claims that their new Pap test technologies are improvements over conventional Pap smear methods. Armed with investment capital from Wall Street, these companies launched aggressive sales and marketing campaigns to clinical labs, pathologists, payers, physicians, and women. The diversity of advertising …

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ProxyMed, MedePass, Cigna, Aetna

Laboratory Management / By

FORMER SBCL PRESIDENT HAS QUICK TOUR AS CEO OF PROXYMED, INC. IT WAS A SHORT TOUR OF DUTY as Chief Executive Officer at ProxyMed, Inc. for John B. Okkerse, Jr., Ph.D. On May 19, after only six months as ProxyMed’s CEO, Dr. Okkerse stepped down as part of a cost-cutting move at the financially-beleaguered company. …

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“June 19, 2000 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

At DIANON Systems, Inc., recent growth in revenues and profits may cost the anatomic pathology company its independence. In recent weeks there’s been widespread speculation that DIANON may be involved in some type of acquisition or merger negotiations. At various times, each of the two blood brothers has been rumored as an interested party. As …

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