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Money Pours into Clinical Diagnostics

THIS IS AN AMAZING ISSUE OF THE DARK REPORT! In the past four weeks, there’s been an unusual surge of corporate mergers and acquisitions. Individually, some are noteworthy, but collectively, the message is undeniable. A flood of money is currently flowing into clinical diagnostics…

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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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New Lab Firm Life Cycle Demonstrated by Focus

CEO SUMMARY: When an investment group bought Focus Diagnostics, Inc. in 2000, its business objective was to increase the value of the business and sell it between year five and ten of its ownership. Thus, the announcement last Friday that Focus Diagnostics would be acquired by Quest Diagn…

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Technical/Professional Billing Has Risks for Labs, Doctors

IT’S A HOT TOPIC ACROSS THE ANATOMIC PATHOLOGY PROFESSION. Increasing numbers of physician groups are hiring laboratories to perform the technical component of an anatomic pathology case and engaging pathologists to diagnose the cases. This phenomenon is often called TC/PC, to repr…

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Thermo Electron, Fisher To Do “Reverse Merger”

CEO SUMMARY: Bigger is expected to be better as Fischer Scientific International, Inc. and Thermo Electron Corporation come together by year’s end and form a $9 billion behemoth in the laboratory supply industry. With 350,000 customers in 150 countries,…

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More IVD Consolidation: DPC Sells to Siemens

CEO SUMMARY: It is a significant acquisition, and not just because Diagnostic Products Corporation has a major presence in immunodiagnostics. Siemens Medical Solutions is one of the dominant competitors in radiology. Its willingness to pony up almost $2 billion t…

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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…

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May 22, 2006 “Intelligence: Late Breaking Lab News”

Another investment firm has acquired an anatomic pathology company. It was announced today that Water Street Capital Partners of Chicago, Illinois, has acquired a majority ownership in Lakewood Pathology Associates, located in Lakewood, New Jersey. Under new ownershi…

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Retrospective on Lab Automation in Japan

DO YOU REMEMBER BACK TO THE FIRST TIME YOU HEARD NEWS that national lab companies like MetPath, Inc. and…

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Seoul, Korea Hosts Lab Automation Meeting

CEO SUMMARY: It was the fifth “International Conference on Laboratory Automation and Robotics.” Over the past decade, this meeting, started by the pioneers of clinical laboratory automation, has been the major forum to meet and discuss advances in all aspects of automation. This confe…

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