Schryver Nabs Another Lab
If it’s true that 70% or more of medical decisions are made based on diagnostic testing results, then one can assume that the Laboratory, MRI & Dialysis sector is at the crossroads where fee-for-service and value-based reimbursements meet. Although this sector isn’t the largest in transaction volume and dollars spent relative to other markets, mergers and acquisition activity has picked up in 2016, as these lines of business adjust to changes in technology. Since 2014, there have been 104 acquisitions, and $21.8 billion (of disclosed prices) spent in the Laboratory, MRI & Dialysis sector (33 in 2014; 52 in 2015; and 19 as of June 30, 2016). The largest players buying up laboratory... Read More »Aurora Diagnostics Adds More Labs
Independent laboratory company Aurora Diagnostics made its first announced acquisition in 2015, paying an undisclosed amount for Consultants in Laboratory Medicine of Greater Toledo, Inc. The target is a hospital-based practice providing anatomic laboratory medicine professional pathology services to 11 hospitals in Michigan and Ohio. Aurora Diagnostics focuses on anatomic pathology and now has 25 locations in the United States. Last year it acquired four pathology lab companies: West Georgia Pathology, LLC; Arizona Dermatopathology; Hallmark Pathology, PC and Mid-Atlantic Pathology Services, Inc. Obviously it took a while to digest those acquisitions. Read More »Schedule a demo
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