Quest Diagnostics to acquire select assets of Steward Health

Quest Diagnostics announced it has acquired select assets of Steward Health Care System’s outreach laboratory services business serving patients and physicians in Pennsylvania and Ohio.

The relationship aims to broaden access to innovative, quality and cost-effective laboratory services. Quest’s full-service laboratory in Pittsburgh, PA will provide testing for physicians and patients ‎previously serviced by outreach laboratories operated by Steward Health Care System in parts of ‎Pennsylvania and Ohio. In addition, subject to transfer of the laboratory license, Quest has also acquired certain assets from the laboratory business serving Hawthorn Medical Associates in Dartmouth, MA. Financial details of the transaction were not disclosed.

“This transaction delivers on our strategy to serve the evolving needs of health systems, which increasingly seek to entrust their critical laboratory services to our expertise so they can focus on their core care missions,” said Jim Davis, Chairman, CEO and President, Quest Diagnostics. “This acquisition also aligns with our strategy to grow through accretive outreach laboratory acquisitions and expands our ability to serve providers and patients in Ohio and Pennsylvania.”

Quest has a long-standing relationship with Steward that includes providing professional lab management services and acquiring select outreach lab assets.

Quest provides a complete portfolio of services to empower health systems and hospitals to improve the quality, innovation and insights of their diagnostic laboratory services, elevate the patient experience and lower costs for more accessible—and affordable—care.
MB Bureau