LabCorp, Quest, Sonic Do Hospital Lab Deals

By Joseph Burns | From the Volume XXIV No. 4 – March 13, 2017 Issue

CEO SUMMARY: Is the New Year’s spate of deals involving the sales of hospital lab outreach programs and a new joint venture the first tremors of an impending earthquake of similar transactions? In the first 10 weeks of 2017, Laboratory Corporation of America, Quest Diagnostics, and Soni…

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LifeLabs, Gamma-Dynacare, Sonic Healthcare, Brigham & Women’s Hospital, Massachusetts General Hospital

By Robert Michel | From the Volume XIX No. 5 – April 2, 2012 Issue

LIFELABS QUEBEC TO BE ACQUIRED BY GAMMA-DYNACARE LAST WEEK, IT WAS ANNOUNCED that Gamma-Dynacare Medical Laboratories had signed a definitive agreement with LifeLabs Limited Partnership to purchase LifeLabs Quebec. Both par…

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2011’s Top 10 Lab Stories Point to a Busy 2012

By Robert Michel | From the Volume XIX No. 1 – January 9, 2012 Issue

CEO SUMMARY: Given the specific news stories that make up THE DARK REPORT’S list of the “Top Ten Lab Stories for 2011,” it might be said that 2011 was a rather quiet year overshadowed by anticipation of the coming reforms mandated by the Accountable Care Act of 2010. For the clinica…

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Gauging the Prospects For Anatomic Pathology

By Robert Michel | From the Volume XVII No. 16 – November 15, 2010 Issue

CEO SUMMARY: More buyers are crowding into the lab testing industry and looking to acquire anatomic pathology testing companies. These buyers are willing to pay strong prices to acquire AP labs and companies which they determine to be a strategic fit. All of this acquisition acti…

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Sonic Makes Big Play In AP With CBL Path Buy

By Robert Michel | From the Volume XVII No. 16 – November 15, 2010 Issue

CEO SUMMARY: With the announcement that it will purchase CBL Path, Inc., Sonic Healthcare, Ltd., becomes the latest public laboratory company to buy a sizeable presence in the national anatomic pathology (AP) marketplace. For CBL Path, founded in 2003 by ex-Dianon executives and …

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Westcliff Labs Announces BK and Sale to LabCorp

By Robert Michel | From the Volume XVII No. 8 – June 1, 2010 Issue

CEO SUMMARY: Subject to court approval, Laboratory Corporation of America is poised to acquire the assets of California-based Westcliff Medical Laboratories, Inc., which just filed a Chapter 11 bankruptcy action in federal court on May 19. In a separate transaction, LabCorp has a…

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Assessing the Year-End Financials For Nation’s Biggest Lab Companies

By Robert Michel | From the Volume XVII No. 4 – March 8, 2010 Issue

IN RECENT WEEKS, the last of the nation’s largest public laboratory companies released year-end 2009 financial reports. Each lab firm’s financial report provides useful insights about active trends in the lab testing marketplace, particularly in lab testing referred by office-based physicians. …

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Pace of Lab Acquisitions Increased during 2009

By Robert Michel | From the Volume XVII No. 3 – February 15, 2010 Issue

CEO SUMMARY: After two years of relatively slow sales of clinical labs, there is pent up demand for lab acquisitions and a declining supply of independent labs available for sale. That’s the assessment of one expert on laboratory mergers and acquisitions, who predicts that the accelerat…

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Predict 2010 To Be Busy For Lab Owners & Buyers

By Robert Michel | From the Volume XVII No. 3 – February 15, 2010 Issue

CEO SUMMARY: Along with a recovering economy, the possibility of an increase in the capital gains tax rate for 2011 may encourage owners of clinical labs and anatomic pathology companies to sell their businesses during 2010. That could make 2010 a busy year for laboratory…

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New Cycle Begins for Lab and Pathology Acquisitions

By R. Lewis Dark | From the Volume XVII No. 3 – February 15, 2010 Issue

THERE’S A NEW TRANSITION JUST GETTING STARTED in the laboratory testing industry. For the past two decades, laboratory acquisition activity has primarly centered around independent clinical laboratories—often owned by local pathologists. This was true in both the size of the transactions and in t…

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