Quest Diagnostics Completes Acquisition of the Outreach Lab Services Business of University Hospitals
Quest Diagnostics (NYSE: DGX) has completed its previously announced acquisition of select assets from University Hospitals, a leading nonprofit health system and academic medical center. The acquisition expands Quest's presence in Ohio, providing broader access to its diagnostic testing services, patient access sites, and health plan coverage network.
Testing for University Hospitals' providers and patients using Quest's services will be performed at Quest's laboratories in Twinsburg, Ohio and Pittsburgh, Pennsylvania. University Hospitals will maintain operation of its hospital-based labs for inpatient and select outpatient testing. Financial terms of the acquisition were not disclosed.
Quest Diagnostics (NYSE: DGX) ha completato l'acquisizione di alcuni beni selezionati da University Hospitals, un importante sistema sanitario no profit e centro medico accademico. Questa acquisizione amplia la presenza di Quest in Ohio, offrendo un accesso più ampio ai suoi servizi di test diagnostici, ai punti di accesso per i pazienti e alla rete di copertura dei piani sanitari.
I test per i fornitori e i pazienti di University Hospitals che utilizzano i servizi di Quest saranno eseguiti presso i laboratori di Quest a Twinsburg, Ohio e Pittsburgh, Pennsylvania. University Hospitals continuerà a gestire i suoi laboratori ospedalieri per i test per ricoverati e per alcuni test ambulatoriali. I termini finanziari dell'acquisizione non sono stati resi noti.
Quest Diagnostics (NYSE: DGX) ha completado la adquisición previamente anunciada de activos selectos de University Hospitals, un destacado sistema de salud sin fines de lucro y centro médico académico. La adquisición amplía la presencia de Quest en Ohio, proporcionando un acceso más amplio a sus servicios de pruebas diagnósticas, sitios de acceso para pacientes y red de cobertura de planes de salud.
Las pruebas para los proveedores y pacientes de University Hospitals que utilizan los servicios de Quest se llevarán a cabo en los laboratorios de Quest en Twinsburg, Ohio y Pittsburgh, Pennsylvania. University Hospitals mantendrá la operación de sus laboratorios hospitalarios para pruebas de pacientes internados y algunas pruebas ambulatorias. Los términos financieros de la adquisición no fueron divulgados.
Quest Diagnostics (NYSE: DGX)는 비영리 의료 시스템이자 학술 의료 센터인 University Hospitals의 일부 자산 인수를 완료했다고 발표했습니다. 이번 인수로 Quest는 오하이오에서의 입지가 확대되어 진단 검사 서비스, 환자 접근 사이트, 건강 보험 커버리지 네트워크에 대한 접근성을 향상시킵니다.
Quest의 서비스를 이용하는 University Hospitals의 공급자와 환자에 대한 검사는 Twinsburg, Ohio 및 Pittsburgh, Pennsylvania에 있는 Quest의 실험실에서 수행됩니다. University Hospitals는 입원 환자 및 일부 외래 환자 테스트를 위한 병원 내 실험실 운영을 유지합니다. 인수의 재무 조건은 공개되지 않았습니다.
Quest Diagnostics (NYSE: DGX) a finalisé l'acquisition précédemment annoncée d'actifs sélectionnés de University Hospitals, un système de santé à but non lucratif et un centre médical académique de premier plan. Cette acquisition renforce la présence de Quest dans l'Ohio, offrant un accès élargi à ses services de tests diagnostiques, aux sites d'accès pour les patients et au réseau de couverture des plans de santé.
Les tests pour les fournisseurs et les patients de University Hospitals utilisant les services de Quest seront effectués dans les laboratoires de Quest à Twinsburg, Ohio et Pittsburgh, Pennsylvania. University Hospitals continuera à gérer ses laboratoires hospitaliers pour les tests de patients hospitalisés et certains tests ambulatoires. Les termes financiers de l'acquisition n'ont pas été divulgués.
Quest Diagnostics (NYSE: DGX) hat den zuvor angekündigten Erwerb ausgewählter Vermögenswerte von University Hospitals, einem führenden gemeinnützigen Gesundheitssystem und akademischen medizinischen Zentrum, abgeschlossen. Der Erwerb erweitert die Präsenz von Quest in Ohio und bietet einen größeren Zugang zu seinen diagnostischen Testdiensten, Patientenstandorten und dem Netzwerk zur Deckung von Gesundheitsplänen.
Tests für die Anbieter und Patienten von University Hospitals, die die Dienstleistungen von Quest nutzen, werden in den Laboren von Quest in Twinsburg, Ohio und Pittsburgh, Pennsylvania durchgeführt. University Hospitals wird den Betrieb seiner laborbasierten Tests für stationäre und einige ambulante Tests aufrechterhalten. Die finanziellen Bedingungen der Übernahme wurden nicht bekannt gegeben.
- Expansion of Quest's market presence in Ohio
- Addition of new patient access points
- Integration with broader health plan network
- Acquisition of established outreach lab services business
- Financial terms not disclosed, preventing assessment of acquisition value and impact
Insights
The completion of Quest Diagnostics' acquisition of University Hospitals' outreach lab services represents a significant strategic move in the competitive diagnostics market. This transaction aligns with the ongoing consolidation trend in the laboratory services sector, where major players are strategically acquiring regional assets to enhance their market presence and operational efficiency.
The Ohio market is particularly attractive due to its large population base and significant healthcare spending. By leveraging University Hospitals' established presence and combining it with Quest's comprehensive test menu and broad insurance coverage, the company is positioned to capture increased market share in a key geographic region.
The operational integration will likely yield several synergistic benefits: 1) Enhanced operational efficiency through the utilization of Quest's existing laboratories in Twinsburg and Pittsburgh 2) Expanded revenue opportunities through broader insurance network access 3) Improved competitive positioning against other national laboratories in the region.
While financial terms weren't disclosed, these types of acquisitions typically generate value through both cost synergies and revenue enhancement. The deal structure, maintaining University Hospitals' inpatient and select outpatient testing capabilities, suggests a well-thought-out approach to market expansion while minimizing integration risks.
Physicians and patients to benefit from access to Quest's industry-leading test menu and broad health plan relationships in
SECAUCUS, N.J. and
With the acquisition, Quest broadens access to its industry-leading and innovative test menu, network of convenient patient access sites and broad health plan coverage in
For University Hospitals' providers and patients using Quest for lab services, Quest's laboratories in
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
About University Hospitals /
Founded in 1866, University Hospitals serves the needs of patients through an integrated network of more than 20 hospitals (including five joint ventures), more than 50 health centers and outpatient facilities, and over 200 physician offices in 16 counties throughout northern
View original content to download multimedia:https://www.prnewswire.com/news-releases/quest-diagnostics-completes-acquisition-of-the-outreach-lab-services-business-of-university-hospitals-302359996.html
SOURCE Quest Diagnostics
FAQ
What assets did Quest Diagnostics (DGX) acquire from University Hospitals in January 2025?
Which Quest Diagnostics facilities will process University Hospitals' lab testing?
Will University Hospitals retain any laboratory testing services after the Quest Diagnostics acquisition?
How does the University Hospitals acquisition expand Quest Diagnostics' (DGX) presence in Ohio?
