Merger and acquisition activity, which included one diagnostic company purchase, continued to keep the lab market a hot one in 2007. According to Washington G-2 estimates, there were 18 announced transactions totaling $3.1 billion, which is up from $2.1 billion in 2006. The number of deals was down from 2006’s total of 25. These totals include a purchase of a diagnostic testing company: Quest’s $420 million acquisition of HemoCue (Angelholm, Sweden), which establishes the company as a larger presence in the point-of-care (POC) testing market.

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February 2008 - Table of Contents

LIR February 2008 (full PDF issue)

Global Lab M&A Tops $3.9 Billion, $3.1 Billion in U.S. for ’07

Sonic Takes Over Labs in New Jersey, Tennessee

Carilion Labs Acquires Innovative Pathology Services

CMS Gives Pathologists Incentives for Quality Reporting

LabCorp’s Growth Focused on Companion Dx, Managed Care Contracts

U.S. Lab M&A Climbs to $3.1B in 2007

PAML’s Newest Joint Venture Focused on Capturing Salt Lake City Outreach Market

Lab Stocks Down 5% Over Past 5 Weeks, 1% So Far in '08

Molecular Diagnostics 2008 Is a Must-Attend Event