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LabCorp Buys Esoterix For $150 Million in Cash

“Low” sales price surprises observers, another competitor removed from market

CEO SUMMARY: Laboratory Corporation of America continues to display an appetite to grow by acquisition. However, its purchase of Esoterix, Inc. creates unique management problems for LabCorp, because Esoterix is itself a product of a lab acquisition strategy. Over the past ten years, Esoterix acquired national specialty labs in coagulation, endocrinology, flow cytometry, and allergy […]

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