Issue: Volume XVII No. 4 - March 8, 2010

Dark Daily

March 8, 2010 “Intelligence: Late Breaking Lab News”

On March 1, Omnyx, LLC, of Pittsburgh, Pennsylvania, licensed certain virtual microscopy and digital pathology patents from Olympus America, Inc. Omnyx is a joint venture between GE Healthcare and the University of Pittsburgh Medical Center (UPMC) that was created to develop and market digital pathology systems. The agreement grants Omnyx a non-exclusive worldwide license and …

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Oncologists Cut Into Pathologists’ Revenue Pie

EVENTS NOW UNFOLDING IN DALLAS, TEXAS, SIGNAL A DIFFERENT DIRECTION for pathology and clinical laboratory testing. As you will read on pages 3-9, in May, just weeks from now, a new laboratory company, funded with $40 million from an unlikely combination of four partners, is about to become operational. The primary business objective of the …

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Baylor Pathologists Form Lab with US Oncology

CEO SUMMARY: In Dallas, Pathologists Bio-Medical Laboratories is part of a new laboratory partnership that includes Baylor Health Care System, Texas Oncology, and US Oncology. The four partners ponied up a total of $40 million in cash and debt to build a state-of-the art laboratory in a 172,000 square foot building. To be called “MedFusion,” …

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Two New Pathology Models Will Soon Be Tried in Dallas

CEO SUMMARY: There are notable aspects to how and why four unlikely partners are banding together to invest $40 million and create the nation’s newest reference and esoteric testing laboratory. It was the pathologists at Baylor University Hospital in Dallas, Texas, who originated the vision and initiated conversations with the other three partners. This new …

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Pathology Errors in Canada Make National News Once Again

YET ONE MORE TIME, pathology errors are making national headlines in Canada. News of errors by a surgeon and a pathologist in a Windsor, Ontario, hospital caught provincial health officials off balance. The simple story is that an experienced surgeon at 305-bed Hotel-Dieu Grace Hospital performed a mastectomy on a patient that did not have …

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Preparing for New Lab Role In Personalized Medicine

CEO SUMMARY: Laboratory medicine is about to find itself between the two jaws of a powerful vise. One jaw is pending major legislative overhaul of the entire healthcare system, along with dwindling reimbursement as Medicare and Medicaid runs out of money. The other jaw is personalized medicine, companion diagnostics, and expensive molecular testing. As these …

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Assessing the Year-End Financials For Nation’s Biggest Lab Companies

IN RECENT WEEKS, the last of the nation’s largest public laboratory companies released year-end 2009 financial reports. Each lab firm’s financial report provides useful insights about active trends in the lab testing marketplace, particularly in lab testing referred by office-based physicians. Quest Diagnostics Incorporated and Laboratory Corporation of America are the two dominant national companies …

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