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Franciscan Missionaries Sells Lab Outreach Business to LabCorp

Only second sale of a hospital lab outreach program since the onset of COVID-19 pandemic in February

SINCE THE ONSET OF THE PANDEMIC IN LATE FEBRUARY, the nation’s two largest clinical lab companies have announced only two acquisitions of hospital laboratory outreach programs, one in June and one this month. Last week, LabCorp announced its acquisition of the clinical ambulatory laboratory business of Franciscan Missionaries of Our Lady Health System (FMOLHS) in Baton Rouge, La. Earlier, on June 23, Quest Diagnostics …

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