Summary: Quest Diagnostics has completed its acquisition of select laboratory assets from OhioHealth to expand access to innovative and cost-effective laboratory services in Ohio.
Takeaways:
- The acquisition aims to enhance access to affordable and advanced laboratory services for Ohio residents.
- Quest Diagnostics will utilize its Pittsburgh laboratory for most outreach testing previously handled by OhioHealth.
- OhioHealth will maintain control of its hospital labs for inpatient care, anatomic pathology, and oncology services.
Quest Diagnostics, a provider of diagnostic information services, has completed its previously announced acquisition of select laboratory assets from OhioHealth, a not-for-profit, charitable, integrated health system. Financial terms of the transaction were not disclosed.
The goal of the transaction is to broaden access to cost-effective and innovative laboratory services in Ohio. Providers and patients will benefit from access to Quest’s industry-leading test menu, network of patient service sites, broad health plan coverage, and lower out-of-pocket costs for many services, according to Quest Diagnostics.
Quest Diagnostics to Continue Providing OhioHealth Services
Quest’s full-service laboratory in Pittsburgh, Pennsylvania, will provide most of the outreach testing previously performed by OhioHealth. OhioHealth will continue to own and operate its network of hospital labs for inpatient and hospital-based outpatient care as well as anatomic pathology and oncology services.
Quest Diagnostics provides a complete portfolio of services to empower health systems and hospitals to improve the quality, innovation and insights of their diagnostic laboratory services, elevate the patient experience and lower costs for more accessible and affordable care.
OhioHealth Overview
Based in Columbus, Ohio, OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare outreach of the United Methodist Church. Serving its communities since 1891, OhioHealth is a family of 35,000 associates, physicians and volunteers, and a network of 15 hospitals, three joint-venture hospitals, one managed-affiliate hospital, 200+ ambulatory sites and other health services spanning a 50-county area. For more information, visit OhioHealth.com.
