MedTech Dive August 23, 2024
The acquisition continues Quest’s expansion in Ohio and extends a string of acquisitions that began in May.
Dive Brief:
- Quest Diagnostics said Wednesday it has agreed to buy University Hospitals’ outreach laboratory services business.
- University Hospitals is a nonprofit health system with more than 20 hospitals, 50 health centers and 200 physician offices in northern Ohio. The nonprofit has 50 lab service locations in Ohio.
- News of the deal comes six weeks after Quest agreed to buy OhioHealth’s outreach laboratory services. The takeovers are part of a string of acquisitions Quest has made in recent months.
Dive Insight:
The University Hospitals deal is aligned with the M&A strategy that Quest CEO James Davis sketched out on an...
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