Specialty Labs Struggles To Maintain Operations

Troubled company has new executive team that must fix regulatory and business problems

CEO SUMMARY: In April, Specialty Laboratories, Inc. disclosed that state and federal regulators had placed sanctions on the esoteric testing company, including revocation of its CLIA-88 license, subject to legal appeal. One main source of concern is the fact that, over the past 10 weeks, a sizeable number of Specialty Labs’ customers have begun redirecting …

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