Rumors continue to indicate that Roanoke, Virginia-based Carilion Labs is going on the market, with Quest Diagnostics, LabCorp, Sonic Healthcare USA, and Laboratory Partners all reportedly bidding for the business. So far, officials declined to comment specifically on the potential sale, except to say that there is no current budget for acquisitions. "The original capital allocated for acquisitions has been spent or committed," said Eric Earnhart, spokesman for Carilion Clinic, the health system that owns the laboratory. "In light of this and the company’s current point of maturation, Carilion hired Wachovia to explore all of its strategic options and advise on how best to proceed with the Lab. No definitive decisions have been made."

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May 2008 - Table of Contents

LIR May 2008 (full PDF issue)

Injunction in Hand, Industry Focuses on Repealing Competitive Bidding Demo

Medicare Part B Lab Spending Inches Up 1.6% to $6.8B

Future of Carilion Labs in Question

AmeriPath Helps Boost Quest’s Q1 Revenues Up 16.9% to $1.8B Over Prior Year

Global Lab M&A Market Totaled $38M in Q1 2008

Lab Industry Celebrates Temporary Injunction as Fight Continues to Repeal Competitive Bidding Demo

Denver’s National Jewish Medical Opens $1 Million+ Molecular Dx Lab

Pathologists Fight United Healthcare for Nonpayment in Class Action Suit

Third Wave Teams With DCL Medical Labs for Molecular Dx Partnership

Lab Stocks Post Slight Rebound in April; Index Up 1% Over 5 Weeks

Hawaii Enlists Regional Labs to Expand Flu Testing