CEO SUMMARY: Timing of the sale of Spectrum Laboratory Network to Apax Partners, L.P. was unexpected, but it’s been known for some time that the fast-growing regional laboratory was entertaining purchase offers. Under new ownership and with ready access to ample capital, Spectrum is optimistic that it can sustain its rapid rate of growth while
Tag: medex laboratories
CEO SUMMARY: Spectrum Laboratory Network recently completed its acquisition of MEDex Laboratories, Inc. of Kingsport, Tennessee. It is becoming a regional laboratory powerhouse, challenging Laboratory Corporation of America in North Carolina and establishing a sales base in Atlanta, long-dominated by Quest Diagnostics Incorporated. It is also adding managed care contracts.
HAVING COMPLETED ITS ACQUISITION of MEDex
CEO SUMMARY: It will certainly rank as one of the major executive frauds in the clinical laboratory industry. In the wake of MEDex Laboratories’ Chapter 11 Bankruptcy filing in April, an amazing tale of deceit and deception began unfolding. At the center of the story is ex-MEDex CEO Michael E. Ladd, now cooling his heels
Laboratorians interested in the economic paradoxes that sunk the managed care industry might be interested in a new book, Oxymorons: The Myth of a U.S. Healthcare System. Author J.D. Kleinke provides a lucid analysis of the contradictions in our healthcare system. For example, Kleinke describes how incentives could lead money-minded HMOs to decide not to