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Buyout of AmeriPath Riles Some Shareholders

CEO SUMMARY: Owners of the few remaining independent private laboratory companies closely watch prices paid by lab buyers. In the pending sale of AmeriPath to private equity investor Welsh, Carson, Anderson, & Stowe, dissenting shareholders disclosed several aspects of the valuation p…

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“Where’s The Beef?” AP’s AWOL at AmeriPath

REMEMBER THAT FAMOUS TELEVISION commercial from Wendy’s burger restaurants? The elderly lady scrutinizes a big hamburger bun that’s obviously short on meat and asks the seminal question “Where’s the beef?” In 1984, it was a catch line that captured the American imagination and was repeated…

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Hospital Mergers Down For Fourth Straight Year

CEO SUMMARY: Changes in hospital ownership often drive laboratory restructuring projects. But hospital merger and acquisition activity has declined for four consecutive years. Consequently, comprehensive laboratory restructuring efforts have declined in parallel. Hospital M&A numbers …

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Liquid Prep Testing Market Causing Much Aggravation

SEVERAL RECENT ISSUES of THE DARK REPORT addressed issues that resonated with our clients and regular readers. The mailbag has been plenty full of late. These responses are interesting in their own right. Among those with a point to make is Laboratory Corporation of America Holdings…

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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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Quest Finally Owns Unilab, New Market Cycle To Begin

PERSISTENCE FINALLY PAID OFF for Quest Diagnostics Incorporated. On February 26, it took ownership of Unilab Corporation, capping almost 11 months of effort. In completing this acquisition, Quest Diagnostics completes the two blood brothers’ acquisition sweep of m…

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“March 3, 2003 Intelligence: Late Breaking Lab News”

Not too many issues ago, THE DARK REPORT was bemoaning the fact that the pathology profession has yet to replace those pathologist-entrepreneurs of the 1970s and 1980s who built some of the largest laboratory companies still operating today. But that overlooks recognition to pathologist Tom Grogan, M…

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Needless Mastectomy Draws National Attention

CEO SUMMARY: This widely-reported case of misdiagnosis at an Allina hospital in St. Paul, Minnesota is a powerful reminder to pathology practices and clinical laboratories that breakdowns in medical quality will draw increasing attention and scrutiny. Both the patient and the community ar…

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Labs In United Kingdom Study U.S., Canadian Labs

CEO SUMMARY: It was a groundbreaking first for both sides of the Atlantic. Senior pathologists and laboratory directors in the United Kingdom spent two days learning from their North American counterparts about the challenges and difficulties in laboratory consolidation and regionalizatio…

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Jamaica Med Techs, Kaiser Permanente, Cytyc, Myriad Genetics, Bayer, CLMA

MEDICAL TECHNOLOGISTS IN JAMAICA STAGE WALK-OUT IN JANUARY LABORATORY TECHS ARE NOT KNOWN to be a radical component of the labor movement. But that doesn’t seem to be the case in Jamaica, where more than 80 of that country’s medical technologists walked off their jobs twice in January in…

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