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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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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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Consumer-Directed Health Plans To Be Healthcare’s Next Wave

“There is an opportunity for laboratories to put strategies in place to benefit from the changes triggered by wider use of CDHPs.” —Paul Mango CEO SUMMARY: It is widely known that growing numbers of employers are turning to consumer-directed…

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Picking Top Ten Stories Of 2005 for Lab Industry

CEO SUMMARY: THE DARK REPORT offers its pic…

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Private Equity Firms: Ready to Buy More Labs?

CEO SUMMARY: Times are good in the laboratory industry. At least that’s the opinion of a growing number of professional investors. They are searching throughout the country for laboratories to acquire. They are motivated by the consistent financial performance of many lab companies, bot…

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Lab Integration At Geisinger Contributes to Better Outcomes

CEO SUMMARY: There have been two benefits from the use of sophisticated laboratory informatics at the laboratory division of Geisinger Health System in Danville, Pennsylvania. Benefit one is a standardized, fully-integrated lab information system that collects all lab test results, includ…

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Sonic Healthcare Buys Clinical Pathology Labs

CEO SUMMARY: It’s one of the most interesting lab acquisitions to take place in the past decade. Pathologist-owners of Austin, Texas-based Clinical Pathology Laboratories, Inc. are selling up to 85% of their lab company to Sonic Healthcare, Ltd, Australia’s largest laboratory firm. Th…

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Consumer-Directed Healthcare by Mango

CEO SUMMARY: This former laboratory executive declares that Consumer-Driven Healthcare Plans (CDHPs) are “the most significant development in health insurance since the widespread introduction of HMOs in the 1980s.” Paul Mango, now at McKinsey & Co., has plenty of good news for la…

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Unique Solution to Control Reagents, Other Supplies

CEO SUMMARY: This San Francisco hospital laboratory hit a home run with its clever use of automated materials management units, originally used in pharmacies. Reagents, phlebotomy supplies, and other laboratory consumables are stored in an access-controlled environment. Benefits have been…

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Laboratories Lead Healthcare on Quality Systems

IS THE REST OF HEALTHCARE CATCHING UP TO THE LABORATORY INDUSTRY when it comes to the use of quality management systems like ISO-9000, Six Sigma, and Lean? In the May 2, 2005 issue of Modern Healthcare, there’s a major story on quality management systems and how some hospitals are using sa…

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