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Quest Gets into Wellness By Acquiring Summit Health

An early example of how the national lab companies may use acquisitions to diversify their revenue base

IT IS NO SURPRISE THAT THE NATION’S largest laboratory companies are looking for new revenue opportunities now that fee-for-service payment for lab tests is soon to end. One striking example of this trend was the move last week by Quest Diagnostics Incorporated to acquire Summit Health, a company in Novi, Michigan, that provides on-site illness …

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