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Focus Diagnostics, Inc. To Be Acquired by Quest

CEO SUMMARY: Another national laboratory company loses its independence and consolidation of the lab industry continues. Last Friday it was announced that Quest Diagnostics Incorporated would acquire the laboratory testing and diagnostic…

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Complete Human DNA Profiling as a STAT Test

MOST OF YOU ARE UNFAMILIAR WITH A NEW SCIENTIFIC PRIZE that is in the planning stage. On January 27, The Wall Street Journal published a story that disclosed the plans of the X Prize Foundation to award a prize, totaling between $5 million and $20 million, to the team that first deco…

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Molecular Diagnostics: How Beaumont Built A Successful Program

CEO SUMMARY: It was about 15 years ago when William Beaumont Hospital and Beaumont Reference Laboratories first began offering molecular diagnostic testing services to clinicians. This successful effort came about because of effective strategic planning, use of consulting expertise at key…

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“June 28, 2004 Intelligence: Late Breaking Lab News”

There’s early evidence that health benefit costs for 2005 may only increase by a single digit percentage. Hewitt Associates is gathering data from 160 large companies for its annual healthcare cost survey. It reports that an average increase of 13.7% appears likely, compared to a 1…

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IMPATH Has a Buyer: Genzyme Pays $215 Mil

CEO SUMMARY: Two unexpected things happened in IMPATH’s Chapter 11 bankruptcy action. First, it attracted a buyer willing to pay the premium price of $215 million for its assets. Second, the buyer was not another laboratory company. Rather, it is a new entrant into the oncology diagnost…

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“September 29, 2003 Intelligence: Late Breaking Lab News”

There was cautious optimism among lab industry leaders lobbying Congress to stop the proposed 20% co- payment for Part B laboratory testing services. It seems that, over the summer break, Iowa Senator Charles Grassley got a lesson in grass roots lobbying. At a number of town meetings, irate seniors s…

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Lab Director Takes a Stand On Patented Genetic Testing

THIS LETTER APPEARED in the mailbag after our special intelligence briefing on how genetics will transform healthcare and before our look at how high-priced specialty esoteric testing is causing budget headaches for regional labs. (See TDRs, December 30, 2002 and …

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Sunquest, Towers Perrin, Aetna, Quest Diagnostics, Roche Diagnostics, Careside

SUNQUEST REAFFIRMS LONG-TERM COMMITMENT TO COPATHPLUS PRODUCT EXPECT A FASCINATING competitive battle in the market for anatomic pathology software now that Cerner Corporation is acquiring Dynamic Healthcare Technologies, Inc. (DHT) DHT is the developer an…

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