Quest to acquire Connecticut lab
Quest Diagnostics has agreed to acquire Hartford-based Clinical Laboratory Partners, a subsidiary of Hartford HealthCare, for an undisclosed amount of money.
Quest said in a statement that the deal will enhance access to laboratory services for Connecticut residents served by Hartford HealthCare’s five hospitals. Clinical Laboratory Partners, or CLP, acts as the clinical outreach lab service for Hartford Healthcare.
Under the agreement, CLP will transition laboratory testing now provided in Newington, Conn., to Quest's rapid-response clinical laboratories in Stratford, Torrington and Wallingford, Conn.; and full-service, state-of-the-art clinical laboratory in Marlborough, Mass. The acquisition also includes several CLP patient service centers and other select assets.
The acquisition is expected to close early next year. HHC's hospital-based laboratories and the inpatient and outpatient services they provide are not included in the transaction.
Quest has been a longtime provider of high-end reference testing for CLP and Hartford HealthCare’s affiliated hospitals. Quest said the acquisition will lead to greater patient access and convenience through a combined patient service center network in the state, and thousands of test services, including highly advanced and novel genetic sequencing tests for cancer, neurological disorders and other diseases.
The two organizations also intend to explore opportunities to collaborate in population health and data analytics, among other areas, based on Quest's laboratory data.
The transaction also will leverage Quest's scale and expertise to produce more cost-effective testing, for more affordable pricing for patients as well as government and commercial health plans, the company said.
WBJ Web Partners
Most Recent
Most Recent
0 Comments