June 9, San Diego, Calif.: Despite the current recession’s negative impact on hospitals, outreach laboratories are experiencing healthy annual profitability growth of between 20 percent and 27 percent and year-over-year revenue growth of 3.2 percent, according to results from the 8th Annual National Outreach Survey, conducted by Chi Solutions (Ann Arbor, Mich.) and Washington G-2 Reports. These findings were announced by Chi Solutions’ president Kathleen Murphy, Ph.D., on June 9 at Lab Outreach 2009 in San Diego.

Other positive news from the survey revealed that all merger and acquisition activity is not completely dormant. Fifteen percent of respondents indicated that they are contemplating growth via the acquisition of a lab or outreach program, although 72 percent said they were not contemplating acquisition at this time.

For more findings from this survey and reports from Lab Outreach 2009, read the July issue of Laboratory Industry Report .