Quest Diagnostics and University Hospitals, one of the nation’s leading nonprofit health systems and academic medical centers, announced a definitive agreement for Quest to acquire select assets of University Hospitals’ outreach laboratory services business. The transaction will broaden access in Ohio to Quest’s industry-leading and innovative test menu, network of convenient patient access sites and broad health plan coverage. The parties expect to complete the transaction in the fourth quarter of 2024, assuming customary regulatory reviews. Financial terms were not disclosed.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DGX:
- Quest Diagnostics Prices $1.85 Billion of Senior Notes
- Quest Diagnostics Declares Quarterly Cash Dividend
- Quest Diagnostics price target raised to $150 from $145 at Piper Sandler
- Becton Dickinson, Quest Diagnostics enter collaboration agreement
- Quest Diagnostics price target raised to $154 from $153 at Baird