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Stock impact report

Quest Diagnostics to acquire Canada's LifeLabs for $985m [Yahoo! Finance]

Quest Diagnostics Incorporated (DGX) 
Last quest diagnostics incorporated earnings: 4/22 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.questdiagnostics.com
Company Research Source: Yahoo! Finance
The acquisition will see LifeLabs retain its Canadian headquarters, brand, and management team while benefiting from Quest's expertise and resources. Quest aims to bolster LifeLabs' services with new technologies and resources. The company also expects to help accelerate the data security enhancements of LifeLabs. LifeLabs president and CEO Charles Brown said: “Quest is the right partner to build on the strengths of LifeLabs and align with our strategic path, which focuses on enhancing the accessibility and quality of services that we provide to millions of Canadians. “Together, we'll grow LifeLabs and provide more Canadians with access to the advanced diagnostics they rely on, closer to home. We sincerely thank OMERS for its investment, leadership, and valued collaboration over 17 years.” The acquisition of LifeLabs's equity is strategically aligned with Quest's growth objectives, with the deal expected to generate around C$970m ($710m) in annual revenues. Subject to cus Show less Read more
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