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Public Laboratory Companies Eye More Lab Outreach Acquisitions

Companies want to get back to base business as COVID-19 test volumes fall, according to earnings reports

PUBLICLY-TRADED CLINICAL LABORATORY COMPANIES released second quarter 2022 financial reports that confirmed a softening demand for COVID-19 tests, even as their base business revenues grew compared to last year.  While continuing to address ongoing needs for SARS-CoV-2 testing, company leaders said during earnings calls that they are prioritizing the following business areas:  Acquiring hospital laboratories.  …

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