MedTech Dive December 12, 2024
Labcorp continued its streak of hospital lab purchases with a deal that will expand its testing capabilities to communities in Tennessee, Virginia, North Carolina and Kentucky.
Dive Brief:
- Labcorp said Wednesday it has finalized the acquisition of select outreach laboratory services from Ballad Health.
- The buyout, which Labcorp agreed to in September, expands the company’s laboratory and testing capabilities to communities in Tennessee, Virginia, North Carolina and Kentucky.
- Buying Ballad’s assets continues the consolidation that Labcorp and its rival Quest Diagnostics have driven through the acquisition of hospital outreach labs and regional players.
Dive Insight:
Ballad serves the Appalachian Mountains region, including rural communities in northeast Tennessee, southwest Virginia, northwest North Carolina and southeast Kentucky. Patients in...
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