CEO SUMMARY: All sorts of people will argue all sorts of opinions about the financial demise of BioLabs, Inc., and its subsidiary, Westcliff Medical Laboratories, Inc., and why it ended up in a California bankruptcy court. Documents filed in the case indicate that, from the birth of the new company in June, 2006, it never
Tag: clinical pathology laboratories
CEO SUMMARY: Evidently the Irish Health Service is satisfied with its decision to outsource all the nation’s cervical cancer screening tests. In recent weeks, it announced that two international laboratory companies would handle Pap testing for the next two years. Sonic Healthcare, Ltd., won a contract to perform 25% of Ireland’s 300,000 Pap tests annually.
To make its laboratory test results available to physicians via cellular telephones and wireless PDAs, Spectrum Laboratory Network of Greensboro, North Carolina, will use the MercuryMD service of Thompson Healthcare . Spectrum sales reps will install MercuryMD on the smartphones and/or PDAs of client physicians. This service allows physicians in Spectrum’s affiliated network of hospitals in
CEO SUMMARY: Participation in the development and implementation of Central Florida’s nascent regional health information organization (RHIO) is helping Clinical Pathology Laboratories (CPL), of Austin, Texas, achieve four strategic goals. Philip Chen, M.D., Ph.D., CPL’s Vice President and Chief Medical Informatics Officer, predicts that this RHIO will speed up the integration of healthcare informatics.
CEO SUMMARY: In a transaction that was quietly negotiated, Sonic Healthcare Ltd. will purchase American Esoteric Laboratories, Inc. (AEL). News of the sale was released Friday and the sale may close in early January. Once it owns AEL, Sonic will have a major presence in Memphis, Tennessee. It will also gain regional laboratory operations in
CEO SUMMARY: Expanding from its base in Texas, Clinical Pathology Laboratories, Inc. (CPL) has acquired Cognoscenti Health Institute, LLC of Orlando, Florida. The deal was done discreetly and gives Sonic Healthcare, Ltd., parent of CPL, a solid foothold in Florida. Cognoscenti has also made impressive progress on building an evidence-based medicine service menu, something that
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
CEO SUMMARY: THE DARK REPORT offers its pick of the “Ten Biggest Lab Stories of 2005.” This year’s list of stories ranges from major consolidation in both the laboratory and health insurance industries, to “true crime” episodes that triggered criminal indictments of certain public lab executives. 2005’s most important story may be the forceful arrival of consumer-directed health
CEO SUMMARY: Times are good in the laboratory industry. At least that’s the opinion of a growing number of professional investors. They are searching throughout the country for laboratories to acquire. They are motivated by the consistent financial performance of many lab companies, both public and private. Another message from the Spectrum sale is that
CEO SUMMARY: Bio-Reference Laboratories, Inc. (BRLI) of Elmwood Park, New Jersey is a lab company on a roll. In just five years, it has grown from $66 million to more than $160 million in annual revenues. For regional laboratories across the country, BRLI’s business strategies demonstrate how a well-focused business plan, combined with good management