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Industry: Email Alert RSS FeedLabCorp to expand presence in Northern California
BT Catalyst, Feb-March, 2003
LabCorp (Nyse: LH) of Burlington has agreed to pay $4.5 million in cash to purchase certain assets in Northern California from Quest Diagnostics Inc. (Nyse: DGX) following that company's acquisition of Unilab Corp.of Tarzana, Calif.
LabCorp's acquisition will include four contracts with independent physician associations and leases for 46 patient service centers.
According to Quest, about $27 million in annual revenues is generated by capitated fees under the contracts and associated fee-for-service testing, and from specimens received directly from the IPA physicians.
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The transaction will require Federal Trade Commission approval once the Quest/Unilab transaction is completed.
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Most Popular Articles in Technology
- An overview of continuous data protection
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- Many countries now have a mobile penetration rate above 100%, report says
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