Quest Diagnostics Completes Acquisition of Mid America Clinical Laboratories, Now Provides Professional Lab Management for Nearly 30 Hospitals of Community Health Network and Ascension St. Vincent in Indiana

Rhea-AI Summary

Quest Diagnostics (NYSE: DGX) has successfully completed its acquisition of Mid America Clinical Laboratories (MACL), previously a joint venture partner. Quest now fully owns MACL's Indianapolis laboratory and around 50 patient service centers in Indiana. Additionally, the company provides lab management services for nearly 30 hospitals linked to Community Health Network and Ascension St. Vincent in Indiana. This acquisition enhances the availability of clinical laboratory and pathology services for local patients and healthcare providers.

Positive

• Quest Diagnostics now fully owns MACL, increasing operational control.
• Expansion to around 50 patient service centers enhances market presence in Indiana.
• Provision of lab management services to nearly 30 hospitals boosts service capabilities.

Negative

• None.

SECAUCUS, N.J. and INDIANAPOLIS, Aug. 3, 2020 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today announced that it has completed its previously announced acquisition of its joint venture partners' interests in Mid America Clinical Laboratories ("MACL").

Quest now wholly owns MACL's laboratory in Indianapolis and approximately 50 patient service centers across Indiana. Quest also now provides professional lab management services for about 30 hospitals owned and operated by Community Health Network and Ascension St. Vincent in Indiana. Community Health Network and Ascension St. Vincent are formerly joint venture partners in MACL. In addition, AmeriPath, the specialty pathology business of Quest Diagnostics, will continue to provide services to these hospitals and broadly across Indiana.

With the completed transaction, patients and providers in Indiana now have direct access to a broader menu of innovative clinical laboratory and pathology services to patients and providers in Indiana.

About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest Diagnostics annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 47,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives.

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SOURCE Quest Diagnostics

FAQ

What is the significance of Quest Diagnostics' acquisition of MACL?

The acquisition allows Quest Diagnostics to gain full operational control over MACL and expand its market presence in Indiana.

How many patient service centers does Quest now operate in Indiana?

Quest now operates approximately 50 patient service centers across Indiana.

What services will Quest Diagnostics provide to hospitals in Indiana?

Quest provides professional lab management services to nearly 30 hospitals in Indiana, enhancing local healthcare services.

When was the acquisition of MACL completed by Quest Diagnostics?

The acquisition was completed on August 3, 2020.