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Quest
Diagnostics
, the world's leading provider of diagnostic
information services, today announced it has completed its previously
announced acquisition of the Worcester-based clinical outreach laboratory
business of UMass Memorial Medical Center, a member of UMass Memorial Health
Care, the largest health care system in Central New England. Separately, the
company also announced today that it has acquired UMass Memorial's anatomic
pathology outreach laboratory business, also based in Worcester. Financial
terms were not disclosed.
In addition, Quest Diagnostics announced that it has finalized a lease
agreement for 200,000 square feet in a facility in Marlborough, Mass., in
which it will build a state-of-the-art clinical laboratory. The testing
services of the acquired UMass Memorial laboratory businesses as well as Quest
Diagnostics' existing full-service clinical laboratory in Cambridge, Mass. and
its Athena Diagnostics specialty neurology testing subsidiary in Worcester
will transition to the new facility when it becomes fully operational, which
is expected to take 18 to 24 months. The facility will be developed based on
best practices from Quest Diagnostics' network of laboratories in the United
States, and eventually will employ as many as 1,200 medical, administrative
and logistics staff.
The acquisitions of the UMass Memorial businesses will add approximately 50
new patient service centers to the company's current roster of about 75 in the
state while also extending the range of diagnostic information services Quest
Diagnostics provides to physicians and patients in New England. As part of the
transactions, academic faculty and other clinical and laboratory experts from
UMass Memorial and its academic partner University of Massachusetts Medical
School will provide physician pathology and other clinical services to Quest
Diagnostics.
Once the facility in Marlborough is fully operational, UMass Memorial has the
option to invest in a minority financial stake in Quest Diagnostics' business
in Massachusetts.
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