Issue: Volume XIV No. 11 - August 6, 2007

Competing Against Regional Laboratories

SINCE THE 1980S, THERE HAS BEEN COMPETITIVE TENSION between publicly traded laboratory companies and their regional counterparts—both independent labs and hospital laboratory outreach programs. It’s an understatement to say that both sectors of the laboratory community often wish the other was not around. During the past 20 years, each class of laboratories has bedeviled the …

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Quest, LabCorp Slug It Out In Battle for Market Share

CEO SUMMARY: In reporting second quarter earnings, both Laboratory Corporation of America and Quest Diagnostics Incorporated discussed market developments. There were no surprises in the comments made by executives of both companies. Quest Diagnostics emphasized that it is hanging on to a significant amount of the pull-through testing associated with UnitedHealth business. LabCorp acknowledged that …

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PSA, MED3000 Merger Creates Opportunities

CEO SUMMARY: Pathology Service Associates, LLC, has found a merger partner that will allow it to offer more products to its pathology clients and to expand into new service areas. By merging with MED3000 of Pittsburgh, Pennsylvania, PSA also gains access to enhanced informatics capabilities that it can roll out to its pathology group clients. …

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Unprecedented Activity Across Lab Medicine

CEO SUMMARY: Laboratory medicine is now considered one of the best opportunities to profit as the demand for healthcare services skyrockets, both in the United States and throughout the world. This is why a flood of investment capital is washing into the laboratory industry. Loaded with capital and eager to profit in the diagnostic gold …

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Misys Health Restructures By Selling Two Divisions

CEO SUMMARY: Misys Healthcare Systems of London, England, has sold its diagnostic LIS systems to Vista Equity Partners of San Francisco, California, for $381.5 million. The deal raises several questions, particularly for those labs currently running Misys laboratory information systems (LIS). Will the new owner make the substantial investment required to upgrade the LIS and …

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Dark Daily

August 6, 2007 “Intelligence: Late Breaking Lab News”

These days, it seems as if all sorts of physicians want to cut themselves a slice of the anatomic pathology pie. Now its podiatrists! Sources tell THE DARK REPORT that a large podiatric group in Atlanta has opened its own in-office pathology lab. Reportedly, this lab is generating more than $100,000 in revenue per month …

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