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Quest Diagnostics said on Wednesday it would acquire Cleveland-based University Hospital‘Outreach laboratory services business.
The transaction is expected to close in the fourth quarter and financial terms were not disclosed.
University Hospitals is one of the leading not-for-profit health systems and academic medical centers in the U.S. The partnership with Quest will expand Ohio’s access to the Secaucus-based company’s innovative testing menu, convenient network of patient access sites and broad health plan coverage.
“Top health systems, such as University Hospitals, are turning their laboratory services to Quest to improve operational efficiencies and ensure continued access to affordable care,” said Jim Davis, chairman, CEO and president of Quest Diagnostics. “Our specialization and scale allow us to optimize laboratory services for quality, innovation and affordability, allowing health systems to devote more resources to clinical patient care. We look forward to expanding our presence to the many communities across Ohio that can benefit from our expertise.”
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