CEO SUMMARY: Another national laboratory company loses its independence and consolidation of the lab industry continues. Last Friday it was announced that Quest Diagnostics Incorporated would acquire the laboratory testing and diagnostic manufacturing divisions of Focus Diagnostics, Inc. of Herndon, Virginia. Quest Diagnostics will pay $185 million for about $65 million in annual revenues. ONCE […]
Focus Diagnostics, Inc. To Be Acquired by Quest
Sale’s timing is no surprise, but what’s unexpected is the price paid—three times annual revenues!
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