LabCorp and Quest Diagnostics have put acquisitions of local and hospital laboratories at the heart of their growth plans and execs said they will press on despite challenges. In presentations at the J.P. Morgan Healthcare Conference Tuesday, LabCorp and Quest again highlighted acquisitions and market share gains as key drivers of diagnostic growth, pointing to pricing pressures to explain why their smaller rivals will agree to sell up. Similar dynamics were expected to play out last year but the rate of takeovers was slower than forecast, which LabCorp attributed to it being harder than expected to close deals.
Read the full article: LabCorp, Quest Push for M&A-Driven Growth despite Difficulties Closing Deals //
Source: https://www.healthcaredive.com/news/labcorp-quest-push-for-ma-driven-growth-despite-difficulties-closing-deals/570490