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January 21, 2008 “Intelligence: Late Breaking Lab News”
It’s a laboratory acquisition that shows the importance of anatomic pathology in today’s competitive laboratory marketplace. Carilion Labs of Roanoke, Virginia, acquired Innovative Pathology Services (IPS), an anatomic pathology and cytology lab in Knoxville, Ten…
Medicare Soon Won’t Pay Hospitals for Errors
CEO SUMMARY: CMS issued new rules, effective in October 2008, that it will no longer pay the extra cost of treating patients after preventable errors, infections, or injuries that occur in hospitals. It continues Medicare’s transformation from a “passive payer simply …
Intense Competition for Market Share in New York
ONE OF THE MOST TURBULENT MARKETS FOR LAB SERVICES TODAY is New York City and the Tri-State area of New York, New Jersey, and Connecticut. This is ground zero in the fight for market share between Quest Diagnostics Incorporated and Laboratory Corporation of America a…
LabCorp Buys Hospital Outreach Lab in Florida
CEO SUMMARY: Once again, a national laboratory has seized the opportunity to acquire a strong regional laboratory. This time it’s the sale of DSI Laboratories, Inc., of Naples, Florida, to Laboratory Corporation of America. DSI’s owner is NCH Healthcare System, which owns two hospital…
MDS Sells Calgary Lab, May Spin Off Other Labs
CEO SUMMARY: Nine months after it declared that it would exit the laboratory testing business in Canada by selling its laboratories, MDS, Inc. has finally closed its first sale. Calgary Health Region, already a 50% owner of Calgary Laboratory Services, has purcha…
MDS Intends to Divest All Lab Testing Assets
CEO SUMMARY: As part of a major corporate restructuring, MDS Inc. is selling three business units, including MDS Diagnostic Services. Within the Canadian healthcare system, this is a major event. MDS operates some of the nation’s largest laboratory facilities in its most populous provin…
Luminex and PerkinElmer Ink Licensing Agreement
CEO SUMMARY: PerkinElmer’s interest in the multiplex capabilities of Luminex’s xMap technology led to this new licensing agreement. PerkinElmer’s instrument systems played a major role in accelerating the work of the Human Genome Project. Now, besides bioresearch applications, Perki…
“October 3, 2005 Intelligence: Late Breaking Lab News”
It’s a small news item, but sometimes such tidbits presage a bigger story. On Monday, September 26, 2005, Quest Diagnostics Incorporated filed a notice with the Securities and Exchange Commission (SEC) that it had received a subpoena from the New York Office of the…
Victim of First HIPAA-Convicted Crime Tells Story & Offers Advice to Labs
“I figured the hospital would be subject to a multi-million dollar HIPAA lawsuit if my hospital records were proven breached—which is exactly what happened.” —Eric Drew, cancer patient and patient identity theft victim CEO SUMMARY: Eric Dre…
Spectrum Owns MEDex, Comments on Trends
CEO SUMMARY: Spectrum Laboratory Network recently completed its acquisition of MEDex Laboratories, Inc. of Kingsport, Tennessee. It is becoming a regional laboratory powerhouse, challenging Laboratory Corporation of America in North Carolina and establishing a sales base in Atlanta, long-…
CURRENT ISSUE
Volume XXXI, No. 5 – April 8, 2024
The fragmentation of consumer markets is reflected in clinical lab services, and The Dark Report examines this trend and how it will impact labs in the coming years. Also, The Dark Report notes that the FDA has issued a controversial memo to reclassify many high-risk IVD assays.
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