Quest Diagnostics Completes Acquisition of Northern Light Laboratory

Quest Diagnostics Completes Acquisition of Northern Light Laboratory

Quest Diagnostics announced on March 20 the completion of its acquisition of select assets of Northern Light Laboratory, the outreach laboratory services business of Northern Light Health, a large integrated healthcare system in Maine. The collaboration between the two parties is expected to enable physicians and patients throughout Maine to benefit from access to Quest’s test menu, network of patient access sites throughout the state, broad health plan coverage and lower out-of-pocket costs for many services. Quest’s laboratory in Marlborough, Massachusetts will provide the majority of advanced and routine clinical testing services for physicians and patients previously served... Read More »
Quest Diagnostics Bought and Sold Labs in October

Quest Diagnostics Bought and Sold Labs in October

The Labs, MRI & Dialysis sector saw a surge of deal making in October. The sector is a conglomeration of various healthcare segments, obviously, but clinical laboratories drove the nine announced transactions. Quest Diagnostics Inc. (NYSE: DGX) announced three of those deals, first with its divestiture of its India-based medical diagnostics business, consisting of 24 diagnostic labs across the sub-continent, including a large specialized diagnostics practice with three reference labs with expertise in oncology, genomics and precision medicine. The buyer was Strand Life Sciences, a portfolio company of Quadria Capital, a clinical research and diagnostics company that combines... Read More »