Lab Market Update

Mount Sinai Health System Sells Outreach Lab to LabCorp

Unlike most hospitals that sold outreach labs, Mt. Sinai has been profitable in recent years

ANOTHER ACADEMIC MEDICAL CENTER decided to cash in on the value of its outreach lab. On Jan. 10, Laboratory Corporation of America announced it would acquire the lab outreach business of Mount Sinai Health System of New York City.

Terms of the transaction and purchase price were not disclosed. The deal is expected to close by

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