{"id":692355,"date":"2022-10-05T08:32:34","date_gmt":"2022-10-05T12:32:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/"},"modified":"2022-10-05T08:32:34","modified_gmt":"2022-10-05T12:32:34","slug":"quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/","title":{"rendered":"Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">Transaction to broaden access to innovative, quality diagnostic\u00a0information services powering affordable care in <span class=\"xn-location\">Ohio<\/span><\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SECAUCUS, N.J.<\/span>, and <span class=\"xn-location\">AKRON, Ohio<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 5, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Quest Diagnostics (NYSE: DGX), the world&#8217;s leading provider of diagnostic information services, and Summa Health, a large integrated healthcare delivery system in <span class=\"xn-location\">Ohio<\/span>, today announced a definitive agreement for Quest to acquire select assets of Summa Health&#8217;s outreach laboratory services business, referred to as LabCare Plus, in an all-cash transaction.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/200883\/quest_diagnostics_incorporated_logo_logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/200883\/quest_diagnostics_incorporated_logo_logo.jpg\" title=\"Quest Diagnostics Incorporated logo. (PRNewsFoto\/Quest Diagnostics Incorporated)\" alt=\"Quest Diagnostics Incorporated logo. (PRNewsFoto\/Quest Diagnostics Incorporated)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The aim of the transaction is to broaden access to innovative, quality and cost-effective laboratory services powering affordable care for communities in <span class=\"xn-location\">Ohio<\/span>. Under the agreement, Quest&#8217;s laboratories in <span class=\"xn-location\">Twinsburg, Ohio<\/span>, and <span class=\"xn-location\">Pittsburgh<\/span> will provide testing for physicians and patients serviced by LabCare Plus. Summa Health will continue to wholly own and operate its hospital labs providing laboratory services for inpatient and hospital-based outpatient care, along with its anatomic pathology services.<\/p>\n<p>Assuming the transaction&#8217;s completion, physicians and patients throughout <span class=\"xn-location\">Ohio<\/span> will benefit from access to Quest&#8217;s industry-leading and highly innovative test menu, broad health plan coverage, network of patient access sites throughout the state, and lower out-of-pocket costs for many services. \u00a0<\/p>\n<p>&#8220;Laboratory services are a critical and fast-evolving area of healthcare. As the nation&#8217;s leader, Quest has the expertise, agility and breadth of innovation to deliver the enhanced capabilities that physicians and patients increasingly expect,&#8221; said <span class=\"xn-person\">Ben Sutton<\/span>, Chief Strategy Officer and President of Ambulatory Care and Clinical Service Lines for Summa Health. &#8220;With this relationship, patients and providers in <span class=\"xn-location\">Ohio<\/span> will benefit from access to advanced laboratory capabilities supporting better health outcomes.&#8221; \u00a0<\/p>\n<p>&#8220;Diagnostics provide the insights to deliver healthcare that is both high quality and high value. By helping top health systems like Summa Health optimize their lab strategies, Quest empowers better health and affordable care for more patients,&#8221; said <span class=\"xn-person\">Steve Rusckowski<\/span>, Quest Diagnostics Chairman, CEO and President. &#8220;We look forward to extending our reach to more communities in <span class=\"xn-location\">Ohio<\/span> as we strive to build a healthier world.&#8221;<\/p>\n<p>Summa Health selected Quest Diagnostics following a competitive bid. The parties expect to complete the transaction in the fourth quarter of 2022, subject to customary regulatory approvals. Financial details of the transaction were not disclosed.<\/p>\n<p>\n        <b>About Summa Health<br \/><\/b>Summa Health is one of the largest integrated healthcare delivery systems in <span class=\"xn-location\">Ohio<\/span>. Encompassing a network of hospitals, community medical centers, a health plan, an accountable care organization, a multi-specialty physician organization, research and the Summa Health Foundation, we are nationally renowned for excellence in patient care and for exceptional approaches to healthcare delivery. Summa&#8217;s clinical services are consistently recognized by the American Nurses Credentialing Center (Magnet status), U.S. News and World Report, Healthgrades, Thomson Reuters and The Leapfrog Group. For more information, visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=1392304876&amp;u=https%3A%2F%2Fwww.summahealth.org%2F&amp;a=summahealth.org\" target=\"_blank\" rel=\"nofollow noopener\">summahealth.org<\/a> or find us on <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=410146162&amp;u=https%3A%2F%2Fwww.facebook.com%2Fsummahealth&amp;a=Facebook\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>, <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=1932813358&amp;u=https%3A%2F%2Ftwitter.com%2Fsummahealth&amp;a=Twitter\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>, <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=3856919627&amp;u=https%3A%2F%2Fwww.pinterest.com%2FSummaHealth%2F&amp;a=Pinterest\" target=\"_blank\" rel=\"nofollow noopener\">Pinterest<\/a> and <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=3009674998&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsummahealth&amp;a=LinkedIn\" target=\"_blank\" rel=\"nofollow noopener\">LinkedIn<\/a>.<\/p>\n<p>\n        <b>About Quest Diagnostics<br \/><\/b>Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world&#8217;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 <span class=\"xn-location\">the United States<\/span>, 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. <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667450-1&amp;h=525676235&amp;u=https%3A%2F%2Fwww.questdiagnostics.com%2F&amp;a=www.QuestDiagnostics.com\" target=\"_blank\" rel=\"nofollow noopener\">www.QuestDiagnostics.com<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY92773&amp;sd=2022-10-05\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health-301640862.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health-301640862.html<\/a><\/p>\n<p>SOURCE  Quest Diagnostics<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY92773&amp;Transmission_Id=202210050820PR_NEWS_USPR_____NY92773&amp;DateId=20221005\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Transaction to broaden access to innovative, quality diagnostic\u00a0information services powering affordable care in Ohio SECAUCUS, N.J., and AKRON, Ohio, Oct. 5, 2022 \/PRNewswire\/ &#8212; Quest Diagnostics (NYSE: DGX), the world&#8217;s leading provider of diagnostic information services, and Summa Health, a large integrated healthcare delivery system in Ohio, today announced a definitive agreement for Quest to acquire select assets of Summa Health&#8217;s outreach laboratory services business, referred to as LabCare Plus, in an all-cash transaction. The aim of the transaction is to broaden access to innovative, quality and cost-effective laboratory services powering affordable care for communities in Ohio. Under the agreement, Quest&#8217;s laboratories in Twinsburg, Ohio, and Pittsburgh will provide testing for physicians and patients serviced by LabCare Plus. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-692355","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Transaction to broaden access to innovative, quality diagnostic\u00a0information services powering affordable care in Ohio SECAUCUS, N.J., and AKRON, Ohio, Oct. 5, 2022 \/PRNewswire\/ &#8212; Quest Diagnostics (NYSE: DGX), the world&#8217;s leading provider of diagnostic information services, and Summa Health, a large integrated healthcare delivery system in Ohio, today announced a definitive agreement for Quest to acquire select assets of Summa Health&#8217;s outreach laboratory services business, referred to as LabCare Plus, in an all-cash transaction. The aim of the transaction is to broaden access to innovative, quality and cost-effective laboratory services powering affordable care for communities in Ohio. Under the agreement, Quest&#8217;s laboratories in Twinsburg, Ohio, and Pittsburgh will provide testing for physicians and patients serviced by LabCare Plus. &hellip; Continue reading &quot;Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-05T12:32:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/200883\/quest_diagnostics_incorporated_logo_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health\",\"datePublished\":\"2022-10-05T12:32:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/\"},\"wordCount\":573,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/200883\\\/quest_diagnostics_incorporated_logo_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\\\/\",\"name\":\"Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-diagnostics-to-acquire-outreach-lab-services-business-of-summa-health\/","og_locale":"en_US","og_type":"article","og_title":"Quest Diagnostics to Acquire Outreach Lab Services Business of Summa Health - Market Newsdesk","og_description":"PR Newswire Transaction to broaden access to innovative, quality diagnostic\u00a0information services powering affordable care in Ohio SECAUCUS, N.J., and AKRON, Ohio, Oct. 5, 2022 \/PRNewswire\/ &#8212; Quest Diagnostics (NYSE: DGX), the world&#8217;s leading provider of diagnostic information services, and Summa Health, a large integrated healthcare delivery system in Ohio, today announced a definitive agreement for Quest to acquire select assets of Summa Health&#8217;s outreach laboratory services business, referred to as LabCare Plus, in an all-cash transaction. The aim of the transaction is to broaden access to innovative, quality and cost-effective laboratory services powering affordable care for communities in Ohio. 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