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By subscribing to Laboratory Industry Report, each month you'll get an insider's view of the lab industry's most important business and financial trends, plus predictions for the coming year.
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- Comparative data on lab pricing
- Information and explanations describing how to deal with healthcare integration, capitation, technology advances, etc.
- Clear perspectives of how your firm is performing vs. the market at large How publicly-traded lab companies are performing and what their top executives earn
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 | LIR October 2006 (full PDF issue) |
| TOP OF THE NEWS
Outreach programs holding their own
Acquire to grow in the Southeast
INSIDE THE LAB INDUSTRY
Quest & LabCorp: Inside the Duopoly
MERGERS AND ACQUISITIONS
Quest acquires Enterix
BD to buy TriPath Imaging
CONTRACT NEWS
DNA and drug testing contract news
CLINICAL PRACTICE
AMGA survey finds med groups still operating at a loss
PEOPLE
Laposata wins G-2 Lab Public Service Leadership Award
FINANCIAL
Lab stocks down 1%
INDUSTRY BUZZ
Get an edge at LabCompete
Full Article |
| Acquisition Is Path to Market Share in Southeast |
| The top-heavy independent lab sector continues to consolidate. Two recent deals, CPL’s purchase of Cognoscenti and AEL’s new Texas acquisition, focused on big players in the southeastern United States. "More acquisition is likely on the way, especially given the deep pockets behind some recent purchases" says one industry insider, "although the number of sizable independent labs up for grabs is dwindling fast."
Full Article |
| Hospital Outreach Programs Hold Their Own Against Key Competitors |
| Over half of hospital outreach programs are holding market share against the big commercial labs and key local competitors, according to an ongoing survey conducted by Washington G-2 Reports.
Full Article |
| Measuring Up Against Quest and LabCorp: Inside the Duopoly |
| The independent laboratory sector—all of the laboratory sectors, for that matter—are dominated by Quest Diagnostics and LabCorp. These two major players have also continued to buy up other laboratory companies. In 2005, Quest Diagnostics acquired LabOne, which in the Washington G-2 Reports 2005 Laboratory Industry Strategic Outlook was ranked as the number-three independent laboratory after Quest and LabCorp. In July of this year, Quest closed on the acquisition of Focus Diagnostics.
Full Article |
| AMGA Survey Finds Most Medical Groups Still Operating at a Loss |
| While the majority of medical specialties saw modest increases in compensation in 2005, most medical groups in the United States are still operating at a loss, according to the 2006 Medical Group Compensation and Financial Survey conducted by the American Medical Group Association (AMGA; Alexandria, VA). The section of the annual survey that examines financial operations found that medical groups were operating at an average loss of $1,264 per physician, based on median performance per physician.
Full Article |
| Psychemedics, Orchid Land New Contracts |
| Psychemedics (Acton, MA) has won the competitively bid, five-year drug testing contract with MGM Mirage (Las Vegas, NV). The world’s largest provider of hair testing for drugs of abuse will perform drug testing for prospective employees at MGM’s 23 properties. Psychemedics’s patented hair test can detect drug use over a period of months, an advance over urine or oral fluid-based tests.
Full Article |
| Quest Pays $43m for InSure Test Maker |
| Quest Diagnostics (Lyndhurst, NJ) has acquired Australia-based Enterix, maker of the FDA-cleared InSure colorectal cancer screening test, for about $43 million in cash. Founded in 1997 by a trio of laboratory and IVD industry veterans, Enterix also has a genomic and proteomic markers program for specific early detection of pre-cancers.
Full Article |
| Laposata Wins G-2 Laboratory Public Service National Leadership Award |
| Michael Laposata, M.D., Ph.D. has been awarded Washington G-2 Reports’s 2006 Laboratory Public Service National Leadership Award, an annual honor that recognizes an individual who has made a significant contribution to the public interest through accomplishments that directly enhance patient care and the lab profession. Laposata was to be presented with the award in a special presentation at G-2’s Lab Institute on September 28 in Arlington, VA.
Full Article |
| BD to Pay $350 Million for Pap Test Maker TriPath |
| Global medical technology company Becton, Dickinson, and Company (BD; Franklin Lakes, NJ) has agreed to pay $350 million for the approximately 93.5% of outstanding shares in TriPath Imaging (Burlington, NC), a leading player in the increasingly crowded market for cervical cancer screening. BD has held a 6.5% equity interest in TriPath since 2001, when the two companies began their ongoing collaboration to discover cancer biomarkers.
Full Article |
| Lab Stocks Down 1%; Monogram Loses 13% |
| The G-2 Laboratory Stock Index dropped 1% in the five weeks ended September 23, 2006, with four stocks up in price and seven down. So far this year, the G-2 index is up 2%, while the S&P 500 Index has risen 5% and the Nasdaq is up 1%.
Full Article |
| Get an Edge at LabCompete |
| Announcing Washington G-2/IOMA’s Inaugural LabCompete Conference: Strategies for 2007 and Beyond, December 6 through 8, 2006 at the Sheraton Wild Horse Pass Resort and Spa in Chandler, Arizona.
Full Article |
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