SECAUCUS, N.J. and ST. LOUIS, June 1,
2021 /PRNewswire/ -- Quest Diagnostics (NYSE:DGX) and
Mercy today announced that Quest has completed its previously
announced acquisition of the outreach laboratory services business
of Mercy in an all-cash asset transaction. Additional financial
terms were not disclosed.
With the transaction, Mercy's outreach laboratory services will
transition to Quest's full-service laboratory in Lenexa, Kansas and the company's network of
rapid response laboratories across the Midwest. Mercy will continue
to wholly own and operate its hospital laboratories for tests
connected to inpatient and hospital-based outpatient care
needs.
The aim of the transaction is to broaden access to innovative,
quality and cost-effective laboratory services to deliver
affordable patient care throughout the Midwest. The acquisition
immediately broadens Quest's reach to providers and patients in
Arkansas, Kansas, Missouri and Oklahoma. Patients and providers will benefit
from access to Quest's innovative, industry-leading test menu,
health plan relationships, network of about 1,000 conveniently
located patient-access sites in the Great Midwest, and more
cost-effective services.
About Mercy
Mercy, named one of the top five large
U.S. health systems for four consecutive years by IBM Watson
Health, serves millions annually. Mercy is one of the nation's most
highly integrated, multi-state health care systems, including more
than 40 acute care, managed and specialty (heart, children's,
orthopedic and rehab) hospitals, convenient urgent care locations,
imaging centers and pharmacies. Mercy has 900 physician practices
and outpatient facilities, more than 4,000 Mercy Clinic physicians
and advanced practitioners and 40,000-plus co-workers serving
patients and families across Arkansas, Kansas, Missouri and Oklahoma. Mercy also has clinics, outpatient
services and outreach ministries in Arkansas, Louisiana, Mississippi and Texas. In addition, Mercy's IT division, Mercy
Technology Services, and Mercy Virtual commercially serve providers
and patients from coast to coast.
About Quest Diagnostics
Quest Diagnostics empowers
people to take action to improve health outcomes. Derived from the
world's largest database of clinical lab results, our diagnostic
insights reveal new avenues to identify and treat disease, inspire
healthy behaviors and improve health care management. Quest
annually serves one in three adult Americans and half the
physicians and hospitals in the United
States, and our 50,000 employees understand that, in the
right hands and with the right context, our diagnostic insights can
inspire actions that transform lives. www.QuestDiagnostics.com.
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SOURCE Quest Diagnostics