Issue: Volume XIII No. 17 - May 22, 2006

Money Pours into Clinical Diagnostics

THIS IS AN AMAZING ISSUE OF THE DARK REPORT! In the past four weeks, there’s been an unusual surge of corporate mergers and acquisitions. Individually, some are noteworthy, but collectively, the message is undeniable. A flood of money is currently flowing into clinical diagnostics and the laboratory industry. Look at this issue’s roll call: First …

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Focus Diagnostics, Inc. To Be Acquired by Quest

CEO SUMMARY: Another national laboratory company loses its independence and consolidation of the lab industry continues. Last Friday it was announced that Quest Diagnostics Incorporated would acquire the laboratory testing and diagnostic manufacturing divisions of Focus Diagnostics, Inc. of Herndon, Virginia. Quest Diagnostics will pay $185 million for about $65 million in annual revenues. ONCE …

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New Lab Firm Life Cycle Demonstrated by Focus

CEO SUMMARY: When an investment group bought Focus Diagnostics, Inc. in 2000, its business objective was to increase the value of the business and sell it between year five and ten of its ownership. Thus, the announcement last Friday that Focus Diagnostics would be acquired by Quest Diagnostics. Focus Diagnostics is a prime example that …

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Terabytes Will Soon Arrive In Pathology IT Systems

IN MANY PATHOLOGY GROUP PRACTICES across the country, digital imaging is playing a bigger role. That’s the message from Mark Newburger, CEO of Apollo Telemedicine, Inc., based in Washington, DC. Newburger’s firm was initially launched in 1993 to support the evolving needs in healthcare for real time digital images. Over time, Apollo Telemedicine developed systems …

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Technical/Professional Billing Has Risks for Labs, Doctors

IT’S A HOT TOPIC ACROSS THE ANATOMIC PATHOLOGY PROFESSION. Increasing numbers of physician groups are hiring laboratories to perform the technical component of an anatomic pathology case and engaging pathologists to diagnose the cases. This phenomenon is often called TC/PC, to represent how the technical component (TC) is being performed and billed independently of the …

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Thermo Electron, Fisher To Do “Reverse Merger”

CEO SUMMARY: Bigger is expected to be better as Fischer Scientific International, Inc. and Thermo Electron Corporation come together by year’s end and form a $9 billion behemoth in the laboratory supply industry. With 350,000 customers in 150 countries, it is likely that just about every laboratory and pathology group practice in the United States …

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More IVD Consolidation: DPC Sells to Siemens

CEO SUMMARY: It is a significant acquisition, and not just because Diagnostic Products Corporation has a major presence in immunodiagnostics. Siemens Medical Solutions is one of the dominant competitors in radiology. Its willingness to pony up almost $2 billion to enter the clinical diagnostics market signals a serious intent to develop services that support individualized …

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May 22, 2006 “Intelligence: Late Breaking Lab News”

Another investment firm has acquired an anatomic pathology company. It was announced today that Water Street Capital Partners of Chicago, Illinois, has acquired a majority ownership in Lakewood Pathology Associates, located in Lakewood, New Jersey. Under new ownership, Raza Bokhari, M.D., a founding pathologist of Lakewood Pathology, will continue as President and CEO. Purchase price …

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