Quest Diagnostics Acquires Assets Of Outreach Lab Services Business Of Steward Health Care System; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Quest Diagnostics has acquired the assets of the Outreach Lab Services business of Steward Health Care System. The terms of the transaction were not disclosed. This acquisition is expected to broaden access to innovative and quality diagnostic information services for both providers and patients.
January 08, 2024 | 2:03 pm
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Quest Diagnostics' acquisition of Steward Health Care System's Outreach Lab Services may enhance its service offerings and market reach, potentially leading to increased revenue streams.
The acquisition of Outreach Lab Services is directly related to Quest Diagnostics' core business of providing diagnostic information services. This strategic move is likely to be viewed positively by investors as it could lead to an expanded customer base and potentially higher revenues. However, without the financial terms disclosed, the exact impact on the company's financials remains uncertain, which is why the confidence level is not at the maximum.
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