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Stock impact report

Allina Health outsources some of its lab work to for-profit company, Quest Diagnostics [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
Financial details of the agreement, which was announced last week, were not released. Minneapolis-based Allina said in a statement that Quest Diagnostics will acquire select assets while handling most lab work in ambulatory clinics. The health system said it expects Quest will offer employment to all eligible clinic laboratory employees — about 200 people — at impacted locations, subject to a customary screening process. Allina will continue operating its central lab for running hospital tests and certain diagnostics performed in clinics. Previously, Allina Health announced it would shift about 2,000 jobs in IT and bill-collection services in May to Optum, which is division of Minnetonka-based UnitedHealth Group. Based in New Jersey, Quest Diagnostics is publicly traded with nearly 50,000 employees. "Quest is the right partner to build on this strength to ensure providers and patients can continue to access innovative and high-quality laboratory services...," Dominica Talla Show less Read more
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