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1-For-10 Reverse Stock Split Boosts LabCorp’s Share Price

MAY PROVED TO BE an auspicious time for Laboratory Corporation of America to restructure its equity base. In the process, it’s positioning itself to be a tougher competitor in the lab testing marketplace. Ever since the company was first created by the merger of Roche Biom…

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Web-Based Lab Transactions Part of McKesson HBOC’s Plan

CLINICAL LABORATORY DATA will play a big role at iMcKesson, the new Internet healthcare business unit of McKesson HBOC, Inc., based in San Francisco. McKesson HBOC is putting existing business assets representing annual sales of $300 million into this new division. They include …

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ProxyMed, MedePass, Cigna, Aetna

FORMER SBCL PRESIDENT HAS QUICK TOUR AS CEO OF PROXYMED, INC. IT WAS A SHORT TOUR OF DUTY as Chief Executive Officer at ProxyMed, Inc. for John B. Okkerse, Jr., Ph.D. On May 19, after only six months as ProxyMed’s CEO, Dr. Okkerse stepped down as part of a cost-cutting mo…

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BRLI Ready To Leverage Physician Relationship

CEO SUMMARY: As healthcare E-commerce rapidly approaches, clinical laboratories will find they have a built-in competitive advantage—their existing business relationship and communication links to physician offices. Bio-Reference Laboratories, Inc. is moving rapidly to capitalize on thi…

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War College Identifies Emerging Lab Trends

CEO SUMMARY: Disruptive technologies and the arrival of healthcare E-commerce were two common themes which emerged from this year’s Executive War College on Laboratory and Pathology Management. Consensus by faculty and attendees alike was that every lab organization should have an Inter…

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New Automation Tools Ready for Clinical Labs

CEO SUMMARY: Evidence grows that workstation automation and modular automation can be cost-effective solutions in the clinical laboratory. But the newest generation of automation technology presents lab administrators with a new challenge. Financial analysis and workplace reengineering ar…

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LabCorp Buys Two More California Laboratories

CEO SUMMARY: Laboratory Corporation of America is serving notice that it intends to increase its competitive presence in California, the largest market for diagnostic testing in the United States. It recently signed agreements to purchase two respected independent laboratory companies, on…

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Consolidated Med Labs Prepares To Close Down

CEO SUMMARY: One of the clinical lab industry’s most successful for-profit joint ventures will close its doors after 20 years of operation. The demise of Consolidated Medical Laboratories again demonstrates how difficult it is to overcome the different political agendas of hospital part…

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Spectrum Labs Selects Nate Headley To Be CEO

CEO SUMMARY: Spectrum Laboratory Network, a joint venture among several large hospitals, recently selected Nate Headley to be its new Chief Executive Officer. Since its launch in 1997, Spectrum has performed below the expectations of its hospital owners. It was to enhance laboratory servi…

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Hospital Labs To Regain Pre-Eminence in Coming Years

CEO SUMMARY: During the past five years, powerful forces in the healthcare marketplace positioned hospital-based laboratories to once again become the dominant force in laboratory testing. But this can only occur if today’s generation of hospital laboratory directors and clinical pathol…

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