Quest Diagnostics (DGX) to Expand in Canada With LifeLabs Buyout [Yahoo! Finance]
Quest Diagnostics Incorporated (DGX)
Last quest diagnostics incorporated earnings: 4/22 06:45 am
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US:NYSE Investor Relations:
ir.questdiagnostics.com
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Source: Yahoo! Finance
The deal, valued at approximately CAN $1.35 billion ($985 million), underscores DGX's strategy to expand its footprint in Canada's healthcare diagnostics market. By integrating LifeLabs into its operations, Quest Diagnostics aims to enhance the accessibility and quality of diagnostic services for Canadians. Investors should note that OMERS, a jointly sponsored, defined benefit pension plan, purchased LifeLabs back in 2007. Terms and Strategic Vision Under the latest agreement, Quest Diagnostics will acquire 100% of LifeLabs' equity, funding the transaction through cash and debt. The acquisition is expected to generate annual revenues of approximately CAN $970 million ($710 million) and will be slightly dilutive to Quest Diagnostics' GAAP EPS due to amortization. However, it will be accretive to adjusted EPS within the first year after closing. LifeLabs will retain its brand, headquarters and management, ensuring continuity in its operations while benefiting from Quest's expe
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DGX
News
- Quest Diagnostics Incorporated (NYSE: DGX) had its price target raised by analysts at Robert W. Baird from $145.00 to $153.00. They now have a "neutral" rating on the stock.MarketBeat
- How is Canada planning to reduce the cost of housing asylum seekers? Take our business quiz for the week of July 5 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Quest Diagnostics to acquire Canada's LifeLabs for $985m [Yahoo! Finance]Yahoo! Finance
- GM to Forfeit Emissions Credits in Pollution Settlement With EPA [BNN Bloomberg (Canada)]BNN Bloomberg
- OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35 billion [Financial Post (Toronto, Ontario, Canada)]Financial Post
DGX
Earnings
- 4/23/24 - Beat
DGX
Sec Filings
- 7/3/24 - Form 8-K
- 7/2/24 - Form 4
- 6/21/24 - Form 11-K
- DGX's page on the SEC website