Labcorp Forges Strategic Partnership with Tufts Medicine, Will Acquire Outreach Laboratory Business; Deal Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Labcorp has entered into a strategic partnership with Tufts Medicine and will acquire its outreach laboratory business. The terms of the deal were not disclosed. This move will expand Labcorp's diagnostic testing and laboratory services in Eastern Massachusetts, aiming to increase access, affordability, and standardized testing.
August 04, 2023 | 12:58 pm
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Labcorp's strategic partnership with Tufts Medicine and acquisition of its outreach laboratory business could potentially boost Labcorp's presence and revenues in Eastern Massachusetts.
The acquisition of Tufts Medicine's outreach laboratory business will allow Labcorp to expand its services in Eastern Massachusetts. This could lead to increased revenues and a stronger market presence for Labcorp in the region.
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