Transaction to broaden access to innovative,
quality diagnostic information services for providers and
patients
SECAUCUS, N.J., Jan. 8, 2024
/PRNewswire/ -- Quest Diagnostics (NYSE: DGX), the world's
leading provider of diagnostic information services, today
announced it has acquired select assets of Steward Health Care
System's outreach laboratory services business serving patients and
physicians in Pennsylvania and
Ohio.
The relationship aims to broaden access to innovative, quality
and cost-effective laboratory services. Quest's full-service
laboratory in Pittsburgh, PA will
provide testing for physicians and patients previously serviced by
outreach laboratories operated by Steward Health Care System in
parts of Pennsylvania and Ohio.
In addition, subject to transfer of the laboratory license, Quest
has also acquired certain assets from the laboratory business
serving Hawthorn Medical Associates in Dartmouth, MA. Financial details of the
transaction were not disclosed.
"This transaction delivers on our strategy to serve the evolving
needs of health systems, which increasingly seek to entrust their
critical laboratory services to our expertise so they can focus on
their core care missions," said Jim
Davis, Chairman, CEO and President, Quest Diagnostics. "This
acquisition also aligns with our strategy to grow through accretive
outreach laboratory acquisitions and expands our ability to serve
providers and patients in Ohio and
Pennsylvania."
Quest has a long-standing relationship with Steward that
includes providing professional lab management services and
acquiring select outreach lab assets.
Quest provides a complete portfolio of services to empower
health systems and hospitals to improve the quality, innovation and
insights of their diagnostic laboratory services, elevate the
patient experience and lower costs for more accessible—and
affordable—care.
About Steward Health Care
Nearly a decade ago, Steward
Health Care System emerged as a different kind of health care
company designed to usher in a new era of wellness. One that
provides our patients better, more proactive care at a sustainable
cost, our providers unrivaled coordination of care, and our
communities greater prosperity and stability.
As the country's largest physician-led, minority-owned,
integrated health care system, our doctors can be certain that we
share their interests and those of their patients. Together we are
on a mission to revolutionize the way health care is delivered –
creating healthier lives, thriving communities and a better world.
Steward is among the nation's largest and most successful
accountable care organizations (ACO), with more than 5,500
providers and 43,000 health care professionals who care for 12.3
million patients a year through a closely integrated network of
hospitals, multispecialty medical groups, urgent care centers,
skilled nursing facilities and behavioral health centers.
Based in Dallas, Steward
currently operates 33 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, and Texas. Additional information is available at
www.steward.org.
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 nearly 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