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Sale to LabCorp to End Most of PAML’s Lab JVs

Buyer and seller disclose some hospitals will sell their interests and exit joint ventures

CEO SUMMARY: It will take several years to understand how the market for lab testing services will change in Seattle and the Pacific Northwest, once Laboratory Corporation of America becomes the owner of PAML, based in Spokane, Wash. Price and financial terms of the sale were not disclosed. The announcement of the agreement also reported …

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