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Volume XXX No. 4 - March 6, 2023

Sanford/Fairview Merger Has Implications for Clinical Labs

TDR Insider / By

Sanford Health in Sioux Falls, South Dakota, and Fairview Health Services in Minneapolis recently announced their intent to merge later this year. The Sanford/Fairview merger, like many blockbuster deals involving integrated delivery networks (IDN), has long-term implications for clinical laboratories. In the new issue of The Dark Report, we explore in detail the motivations behind …

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Acquisitions Bloom, at the Expense of Hospital Labs?

Commentary and Opinion by R. Lewis Dark / By

READERS WILL UNCOVER A THEME OF MERGERS AND CONSOLIDATIONS running throughout this issue of The Dark Report. Whether it be health systems acquiring or merging with each other or national laboratory companies seeking to run hospital lab businesses, it is an unstable time for just about any type of healthcare organization.  This is consistent with …

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Sanford Health to Merge with Fairview Health Services

Clinical Laboratory Trends, Lab Marketplace / By

CEO SUMMARY: It’s the latest example of a merger involving two big integrated delivery networks (IDNs). Sanford Health in South Dakota inked an agreement to merge with Fairview Health Services in Minneapolis. This deal confirms the growing trend of consolidation among multi-hospital health systems. The question of greater interest for clinical lab managers and pathologists …

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Laboratory Implications of Sanford/Fairview Merger

Clinical Laboratory Trends, Lab Marketplace / By

CEO SUMMARY: Not too many years ago, many hospitals and health systems were bullish on their laboratory outreach businesses. But financial pressures on hospitals and health systems may be causing the pendulum to swing in the direction of hospitals selling their lab outreach programs, suggest two healthcare researchers. COMMENTING ON THE SIGNIFICANCE OF THE PENDING …

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ARUP Laboratories and University of Utah Create MT Training Center

Clinical Laboratory Trends, Laboratory Information Systems, Laboratory Management, People / By

CEO SUMMARY: To help resolve the ongoing shortage of MTs and MLSs, ARUP Laboratories and the University of Utah’s Medical Laboratory Sciences Division took a novel approach to secure funding for a new laboratory scientist training center. They worked with their congressional representative to obtain federal funds for the project.  PART ONE OF TWO PARTS …

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Elizabeth Holmes’ Appeal Questions Competence of CLIA Lab Director

Lab Risk & Compliance, Laboratory Compliance / By

TANTALIZING DETAILS ABOUT FORMER THERANOS CEO ELIZABETH HOLMES’ purchase of a one-way plane ticket to Mexico prior to her conviction grabbed headlines following the filing of a motion to appeal her conviction.  However, for clinical laboratory directors, the relevant information in the latest motion filed by Holmes’ lawyers centers on Adam Rosendorff, MD, a pathologist …

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Labcorp: Ascension Deal Will Earn $550 Million in 2023

Clinical Laboratory, Clinical Laboratory Trends, Lab Marketplace, Laboratory Equipment / By

PUBLICLY TRADED LABORATORY COMPANIES OFFERED INSIGHTS into how acquisitions of hospital lab operations and outreach businesses add to their bottom lines, according to recent reports on full-year 2022 and fourth quarter earnings.  Last year was a busy one for the billion-dollar lab corporations in terms of acquisitions. These huge laboratory companies are on the prowl …

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QuidelOrtho Earns $3.3 Billion in First Year as Combined Firm

In Vitro Diagnostics, IVD/Lab Informatics, Lab Marketplace, Laboratory Equipment / By

IN OUR FEBRUARY 13, 2023, ISSUE OF THE DARK REPORT, we analyzed the 2022 full-year and Q4 earnings of major IVD companies. At the time our prior issue went to press, QuidelOrtho had not yet reported its year-end results.  This is the first time that San Diego-based QuidelOrtho released full-year financial results as an integrated …

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March 6, 2023, Intelligence: Late-Breaking Lab News

Late Breaking Lab News / By

Since Congress did not include new regulations for laboratory-developed tests (LDTs) in a year-end spending budget, it appears the Food and Drug Administration (FDA) will take steps of its own to increase the agency’s oversight of LDTs. “We are moving forward with rulemaking,” said Elizabeth Hillebrenner, Associate Director for Scientific and Regulatory Programs at the …

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