Please do not leave this page until complete. This can take a few moments.
Quest Diagnostics, a provider of diagnostic information services, has acquired the lab services of Boston Clinical Laboratories of Waltham.
Terms of the deal were not disclosed.
BCL’s patients and providers now have access to Quest and its broader range of diagnostic services, a larger network of patient service centers, and access to tools, such as the company’s suite of healthcare information technologies and data analytics.
BCL services will transition to the Quest Diagnostics laboratory in Marlborough.
“Our acquisition of Boston Clinical Laboratories strengthens our ability to deliver our innovative, high value diagnostic services to patients and providers in the greater Boston metropolitan area,” Karthik Kuppusamy, Quest's vice president, said in a statement.
Hossein Bayat, BCL’s COO, said that given increasing reimbursement pressures on labs, it is the right time for the company transition the business.
“Quest’s commitment to patient care, high-value innovation and deep local roots makes it the right organization to build on BCL’s vision of outstanding lab services that improve human health,” he said in a statement.
New Jersey-based Quest reported third-quarter revenues rose 3.5% year over year to $1.96 billion.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
1 Comments