Quest Diagnostics on Monday completed its acquisition of select lab assets of Allina Health in a deal that builds on the industry trend of independent companies taking over the outpatient lab operations of health systems. Quest also has transactions slated to close later this year with OhioHealth in Columbus and University Hospitals in Cleveland, in each case acquiring outreach laboratory assets. Such acquisitions benefit patients, providers and payers, said Quest Diagnostics President and CEO Jim Davis. In an interview, Davis, who was named president and CEO in 2022 and chairman in 2023, said the deals allow providers to focus their resources on other specialties.
Read the full article: Quest Diagnostics’ Jim Davis on Why the Company Is Buying Labs //
Source: https://www.modernhealthcare.com/mergers-acquisitions/quest-diagnostics-jim-davis-lab-costs-allina-health