Agreement Expands Access to Labcorp's
Diagnostics Capabilities and Services
BURLINGTON, N.C., Nov. 20,
2023 /PRNewswire/ -- Labcorp (NYSE: LH), a
global leader of innovative and comprehensive laboratory services,
announced today the completion of the previously announced
transaction with Legacy Health to acquire select assets of Legacy's
outreach laboratory business. Labcorp also now manages Legacy's
inpatient hospital laboratories through a long-term agreement to
provide staffing, leadership, scientific knowledge, analytics,
supply chain services and laboratory support.
"This milestone will benefit communities in Oregon and Southwest
Washington by expanding access to Labcorp's industry-leading
laboratory services and diagnostic testing," said Rajat Mehta, Senior Vice President of Labcorp's
West Division. "The closing of this deal reinforces Labcorp's
commitment to providing access to high-quality testing throughout
the region by building on Legacy Health's longstanding history of
serving communities."
Legacy is a six-hospital health system with a full-service
children's hospital, a 24-hour behavioral health center, and more
than 80 primary care, specialty and urgent care clinics. Legacy
provides comprehensive healthcare services across its communities
in Portland, Southwest Washington and Oregon's mid-Willamette Valley.
Upon completion of full integration, healthcare providers and
patients throughout the region will have more direct and convenient
access to Labcorp's full range of laboratory services. Legacy
continues to maintain ownership and licensure of its hospital
laboratories.
"The providers and patients Legacy serves will benefit from
Labcorp's innovative diagnostic capabilities and comprehensive
laboratory services," said Kecia
Kelly, Senior Vice President and Chief Nursing Officer.
"Partnering with Labcorp furthers our mission of good health for
all."
About Labcorp
Labcorp (NYSE:
LH) is a global leader of innovative and comprehensive
laboratory services that helps doctors, hospitals, pharmaceutical
companies, researchers and patients make clear and confident
decisions. We provide insights and advance science to improve
health and improve lives through our unparalleled diagnostics and
drug development laboratory capabilities. The company's more than
60,000 employees serve clients in over 100 countries, worked on
over 80% of the new drugs approved by the FDA in 2022 and performed
more than 600 million tests for patients around the world. Learn
more about us at www.labcorp.com.
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SOURCE Labcorp