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Volume VIII No. 7 - May 21, 2001

Shift in Lab & Pathology Management Thinking

Commentary and Opinion by R. Lewis Dark / By

FROM ALL THAT I HEAR, this year’s Executive War College was the best ever. With almost 50 speakers and 400+ attendees from the United States and countries as remote as Oman, it is a real accomplishment to produce what is increasingly recognized as the finest gathering of management executives in clinical laboratory and pathology. As …

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Lab Owners Selling Stock To Harvest Big Profits

Clinical Laboratory Trends / By

CEO SUMMARY: Three huge stock sales involving the nation’s largest laboratories have been announced in recent weeks. If these stock sales are enthusiastically received by Wall Street investors, independent regional lab owners may benefit because of higher valuations for clinical laboratory companies. In particular, Unilab’s IPO will be seen as a benchmark of laboratory business …

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Unilab Files Registration For IPO of $115 Million

Clinical Laboratory / By

CEO SUMMARY: During the 1990s, Unilab used the twin strategies of lab acquisitions and aggressive sales and marketing to fuel rapid growth in specimen volumes and net revenues. However, California’s ultra-competitive managed care market and severe financial problems during the latter half of the decade almost sunk the laboratory. Today’s Unilab is a more experienced …

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Specimen Transport Box Ready for Labs to Use

Clinical Laboratory Trends / By

CEO SUMMARY: Maintaining the integrity of lab specimens from referring client to laboratory is one of the recurring headaches of the lab business. Now there’s a new product which eliminates the use of dry ice and can maintain appropriate transport temperatures for up to 96 hours. Called “Friobox,” it’s one more example of how technology …

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Changing Lab Industry Trends Identified at War College

Clinical Laboratory Trends / By

CEO SUMMARY: Clinical laboratories and pathology group practices are beginning to respond to a new set of marketplace trends. Speaker after speaker at this EXECUTIVE WAR COLLEGE included new business strategies not heard in past years. Probably the most notable difference is a growing emphasis on developing and delivering value-added services which go beyond simply …

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Abaton.com Will Not Be Offered As Stand-Alone Lab Solution

Laboratory Information Systems / By

EARLY-ADOPTER LABS now using Abaton.com for Web-based lab test ordering and results reporting will have to switch to a new software product. McKesson HBOC notified existing laboratory users of the Abaton.com product that it will no longer be supported as a stand-alone solution for Web-accessed lab test ordering and results reporting. Lab customers have been …

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Public Labs Enjoy Boom Times As Revenues & Profits Climb

Clinical Laboratory Trends / By

TAKEN COLLECTIVELY, second quarter earnings reports by public lab and pathology companies send a strong message: the lab industry is in the midst of a revenue and profit boom. It’s been more than a decade since every public lab and pathology company reported strong growth in both revenues and operating profits. This is an important …

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“May 21, 2001 Intelligence: Late Breaking Lab News”

Late Breaking Lab News / By

As predicted in the last issue of THE DARK REPORT, Quest Diagnostics Incorporated did acquire all the remaining shares of MedPlus, Inc. which it didn’t already own. MedPlus offers a variety of clinical information products, including one to create and manage electronic patient records. KEN FREEMAN JOINS BOARD AT TRW Kenneth W. Freeman, Chairman and …

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