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Labcorp to Buy Outreach, Manage Ascension Labs

It’s largest lab transaction in 50 years involving a major health system and a big commercial lab

CEO SUMMARY: In a blockbuster deal valued at almost half a billion dollars, Labcorp will manage dozens of hospital labs in 10 states on behalf of Ascension Health, one of the biggest health systems in the country. Labcorp will also spend $400 million to acquire certain assets of Ascension’s outreach laboratory services. Labcorp’s CEO characterized …

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