Independent lab companies have continued their transaction spree in 2024, either by forming partnerships with hospitals and health systems or by outright acquiring some of their lab assets. Quest Diagnostics has announced seven acquisitions this year, including its recent purchase of select lab assets from Minneapolis-based Allina Health. Meanwhile, Labcorp has closed three acquisitions this year. Both Quest and Labcorp are looking to grow by finding hospital and health system partners, primarily in markets where the number of independent physicians is dwindling.
Read the full article: Why Labcorp, Quest Diagnostics Are Buying Hospital Labs //
Source: https://www.modernhealthcare.com/mergers-acquisitions/labcorp-quest-diagnostics-deals-imaging-labs