Quest Diagnostics Completes Acquisition of Lab Assets from OhioHealth
Quest Diagnostics (NYSE: DGX) has completed its acquisition of select laboratory assets from OhioHealth, a not-for-profit integrated health system. The transaction aims to expand access to cost-effective and innovative laboratory services in Ohio. While financial terms were not disclosed, the acquisition is expected to benefit providers and patients through:
1. Access to Quest's extensive test menu
2. Expanded network of patient service sites
3. Broad health plan coverage
4. Lower out-of-pocket costs for many services
Quest's laboratory in Pittsburgh, Pennsylvania will handle most of the outreach testing previously done by OhioHealth. OhioHealth will continue to operate its hospital labs for inpatient and hospital-based outpatient care, as well as anatomic pathology and oncology services.
Quest Diagnostics (NYSE: DGX) ha completato l'acquisizione di alcuni asset di laboratorio da OhioHealth, un sistema sanitario integrato senza scopo di lucro. La transazione ha l'obiettivo di ampliare l'accesso a servizi di laboratorio innovativi ed economici in Ohio. Sebbene i termini finanziari non siano stati resi noti, si prevede che l'acquisizione avvantaggi fornitori e pazienti attraverso:
1. Accesso all'ampio menu di test di Quest
2. Rete ampliata di siti di servizio per i pazienti
3. Ampia copertura dei piani sanitari
4. Costi out-of-pocket ridotti per molti servizi
Il laboratorio di Quest a Pittsburgh, Pennsylvania, gestirà la maggior parte dei test di outreach precedentemente effettuati da OhioHealth. OhioHealth continuerà a gestire i propri laboratori ospedalieri per le cure in regime di ricovero e ambulatoriali basate in ospedale, così come i servizi di patologia anatomica e oncologia.
Quest Diagnostics (NYSE: DGX) ha completado la adquisición de selectos activos de laboratorio de OhioHealth, un sistema de salud integrado sin fines de lucro. La transacción tiene como objetivo ampliar el acceso a servicios de laboratorio innovadores y rentables en Ohio. Aunque no se revelaron los términos financieros, se espera que la adquisición beneficie a proveedores y pacientes a través de:
1. Acceso al extenso menú de pruebas de Quest
2. Red ampliada de sitios de servicio al paciente
3. Amplia cobertura de planes de salud
4. Costos de bolsillo más bajos para muchos servicios
El laboratorio de Quest en Pittsburgh, Pennsylvania, se encargará de la mayoría de las pruebas de outreach que antes realizaba OhioHealth. OhioHealth continuará operando sus laboratorios hospitalarios para la atención de pacientes hospitalizados y los servicios ambulatorios basados en el hospital, así como la patología anatómica y los servicios de oncología.
Quest Diagnostics (NYSE: DGX)는 비영리 통합 의료 시스템인 OhioHealth로부터 선택된 실험실 자산을 인수 완료했습니다. 이번 거래의 목적은 오하이오에서 비용 효율적이며 혁신적인 실험실 서비스에 대한 접근성을 확대하는 것입니다. 금융 조건은 공개되지 않았지만, 이번 인수가 제공자와 환자에게 도움이 될 것으로 예상됩니다:
1. Quest의 광범위한 검사 메뉴에 대한 접근
2. 환자 서비스 사이트의 확장된 네트워크
3. 광범위한 건강 보험 계획 보장
4. 많은 서비스에 대한 낮은 본인 부담 비용
펜실베니아주 피츠버그에 위치한 Quest의 실험실은 이전에 OhioHealth에서 수행했던 대다수의 아울리치 검사를 처리하게 됩니다. OhioHealth는 입원 환자 및 병원 기반의 외래 환자 치료를 위한 병원 실험실을 계속 운영하며, 해부 병리학 및 종양학 서비스도 제공합니다.
Quest Diagnostics (NYSE: DGX) a finalisé l'acquisition d'actifs de laboratoire sélectionnés auprès d'OhioHealth, un système de santé intégré à but non lucratif. La transaction vise à élargir l'accès à des services de laboratoire innovants et rentables dans l'Ohio. Bien que les conditions financières n'aient pas été divulguées, on s'attend à ce que cette acquisition soit bénéfique pour les fournisseurs et les patients grâce à :
1. Accès au large éventail de tests proposés par Quest
2. Réseau élargi de sites de services aux patients
3. Large couverture par les plans de santé
4. Coûts de poche réduits pour de nombreux services
Le laboratoire de Quest à Pittsburgh, en Pennsylvanie, prendra en charge la majorité des tests de sensibilisation précédemment effectués par OhioHealth. OhioHealth continuera d'exploiter ses laboratoires hospitaliers pour les soins des patients hospitalisés et les soins externes basés à l'hôpital, ainsi que les services de pathologie anatomique et d'oncologie.
Quest Diagnostics (NYSE: DGX) hat den Erwerb ausgewählter Laborvermögen von OhioHealth, einem gemeinnützigen integrierten Gesundheitssystem, abgeschlossen. Die Transaktion zielt darauf ab, den Zugang zu kostengünstigen und innovativen Laborleistungen in Ohio zu erweitern. Während die finanziellen Bedingungen nicht offenbart wurden, wird erwartet, dass die Übernahme Anbieter und Patienten zugutekommt durch:
1. Zugang zum umfangreichen Testangebot von Quest
2. Erweitertes Netzwerk von Patientendienststandorten
3. Breite Abdeckung durch Gesundheitspläne
4. Niedrigere Selbstkosten für viele Dienstleistungen
Das Labor von Quest in Pittsburgh, Pennsylvania, wird die meisten der zuvor von OhioHealth durchgeführten Outreach-Tests übernehmen. OhioHealth wird weiterhin seine Krankenhauslabore für die stationäre und krankenhausbasierte ambulante Versorgung sowie für anatomische Pathologie und Onkologieservices betreiben.
- Expansion of Quest Diagnostics' service offerings in Ohio
- Potential for increased revenue through broader patient access
- Opportunity to leverage Quest's extensive test menu and network
- None.
Insights
The acquisition of select laboratory assets from OhioHealth by Quest Diagnostics is a strategic move that could potentially enhance Quest's market position in Ohio. While financial terms weren't disclosed, this deal aligns with Quest's expansion strategy and could lead to increased revenue streams. The acquisition aims to broaden access to cost-effective laboratory services, which may translate to higher patient volumes and improved operational efficiency.
From an investor's perspective, this transaction could positively impact Quest's long-term growth prospects in several ways:
- Expanded market share in Ohio's diagnostic services sector
- Potential for increased revenue through a broader patient base
- Cost synergies by leveraging Quest's existing infrastructure in Pittsburgh
- Enhanced competitive advantage through an expanded test menu and service network
However, the lack of financial details makes it challenging to quantify the immediate impact on Quest's financials. Investors should monitor future earnings reports for indications of how this acquisition affects revenue and profitability in the region.
This acquisition represents a significant development in the healthcare landscape of Ohio. By integrating OhioHealth's laboratory assets, Quest Diagnostics is poised to enhance the accessibility and affordability of diagnostic services in the region. This move aligns with the broader industry trend of consolidation in healthcare services to improve efficiency and reduce costs.
Key implications for the healthcare ecosystem include:
- Improved access to Quest's extensive test menu for Ohio patients and providers
- Potential reduction in out-of-pocket costs for many diagnostic services
- Streamlined operations that could lead to faster turnaround times for test results
- Increased competition in the local market, potentially driving innovation and service improvements
For OhioHealth, retaining ownership of hospital labs for inpatient and hospital-based outpatient care ensures continuity in critical areas while allowing for specialization in anatomic pathology and oncology services. This strategic focus could lead to improved quality in these specialized areas.
Goal to broaden access to cost-effective and innovative laboratory services in
The goal of the transaction is to broaden access to cost-effective and innovative laboratory services in Ohio. Providers and patients will benefit from access to Quest's industry-leading test menu, network of patient service sites, broad health plan coverage, and lower out-of-pocket costs for many services.
Quest's full-service laboratory in Pittsburgh,
Quest provides a complete portfolio of services to empower health systems and hospitals to improve the quality, innovation and insights of their diagnostic laboratory services, elevate the patient experience and lower costs for more accessible and affordable care. For more information, visit: Hospitals & health systems | Quest Diagnostics.
About OhioHealth
Based in Columbus,
About Quest Diagnostics
Quest Diagnostics works across the healthcare ecosystem to create a healthier world, one life at a time. We provide diagnostic insights from the results of our laboratory testing to empower people, physicians and organizations to take action to improve health outcomes. Derived from one of the world's largest databases of de-identifiable clinical lab results, Quest's diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest Diagnostics annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our nearly 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives and create a healthier world. www.QuestDiagnostics.com.
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SOURCE Quest Diagnostics
FAQ
What laboratory assets did Quest Diagnostics acquire from OhioHealth?
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