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Ex-NHL Executives Buy American Medical Labs

CEO SUMMARY: American Medical Laboratories’ sale to new owners is a major event. Not only does the new management team have a reputation for top performance in selling clinical laboratory services, but they also arrive with an ample war chest. When the revamped AML hits the competitive …

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Regional Lab Systems Beginning To Emerge

CEO SUMMARY: Regionalization of laboratory services is about to become a dominant industry trend. Four groups of players will drive this process and each needs to recruit hospital laboratories to participate in their regional model. This is the first generation of attempts to create finan…

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New Hybrid Lab Systems Provide Peek At Future

CEO SUMMARY: As the first generation of regional laboratory systems begin operation, the marketplace is about to separate winners from losers. Stakes are high for hospital laboratory administrators. If they choose to affiliate with the wrong model, the consequences can cause extended disr…

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“May 12, 1997 Intelligence: Late Breaking Lab News”

Beth Israel Medical Center in New York City is throwing a coming out party for their automated laboratory. Beth Israel is producing a two-day seminar on May 18-19 to demonstrate all aspects of their “totally automated core facility.” It was Carl Teplitz, M.D. who championed the a…

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Where’s The Write-down ? LabCorp Faces Key Decision

CEO SUMMARY: Commercial laboratories are recognizing declines in the market value of their assets. LabCorp has yet to do the same. Taken cumulatively, these write-downs demonstrate the sizable revenue erosion that large commercial laboratories experienced during the past three years. Soon…

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Meditech & LabSoft Top 1996 LIS Sales Rankings

CEO SUMMARY: Turnover and turmoil are the big news in the LIS field. Hospitals and commercial laboratories are upgrading or replacing their existing LIS software at a rapid pace. Meanwhile, mergers and consolidations within the LIS industry create new power players. LIS conversion project…

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Las Vegas Lab Gathering Debates Industry Trends

CEO SUMMARY: Always a good forum for discussion of laboratory industry trends, this year’s meeting in Las Vegas addressed government regulation, laboratory automation and everything in between. Here is a brief rundown on some of the more interesting insights and observations….

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LabCorp Seeks $500 Million Through Public Stock Offering

CEO SUMMARY: After a financially difficult year in 1996, LabCorp enters 1997 with plans to raise $500 million. Despite the laboratory industry’s poor prospects, LabCorp will probably succeed in raising capital. After this infusion of capital, will LabCorp’s new management team have wi…

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Unilab Pushes Insurers To Increase Cap Rates

CEO SUMMARY: California’s financially destructive capitation rates plunged two more laboratories into bankruptcy. Unilab’s actions indicate that even the largest laboratory company in the state can no longer survive without reimbursement relief. The question remains as to whether mana…

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An Industrial Engineer Looks At Laboratory Automation And Robotics

EDITOR’S INTRODUCTION: Last fall, Mark Smythe’s four-part DARK REPORT series about the thirteen “Perilous Parallels” common to commercial laboratory managers provoked widespread response among our clients and readers. We’ve invited him back to address management issues involving…

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