LabCorp (NYSE: LH), a leading global provider of innovative laboratory services, has finalized the acquisition of select assets of Legacy Health’s outreach laboratory business, alongside managing Legacy’s inpatient hospital laboratories through a long-term agreement. This strategic move aims to enhance access to LabCorp’s advanced diagnostic testing in Oregon and Southwest Washington. Rajat Mehta, Labcorp’s Senior Vice President, highlights the expansion’s significance for communities. Legacy Health, a six-hospital system serving Portland, Southwest Washington, and Oregon’s mid-Willamette Valley, maintains ownership of its hospital labs. The collaboration aims to offer enhanced healthcare services by integrating LabCorp’s diagnostic capabilities for improved patient care.
LabCorp (NYSE: LH), a global leader in 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.
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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.”
Source: Biospace
