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MedLab CEO Discusses Changes in Lab Market

Erosion in lab test reimbursement caused investors to shy away from investing in lab firm

CEO SUMMARY: Two factors combined to cause executives at Laboratory Partners and its MedLab business division to file a Chapter 11 bankruptcy petition on October 25. One was the sustained and continuing cuts to lab test reimbursement. The other was the reluctance of Wall Street investors to continue to fund the company. The majority of …

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