Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, today announced that it has signed a definitive agreement to acquire the assets of the clinical laboratory services business of Boyce and Bynum Pathology Laboratories (BBPL), a leading provider of diagnostic and clinical laboratory services in the Midwest.
BBPL’s anatomic pathology division, Boyce and Bynum Pathology Professional Services, Inc. (BBPPS), and long-term care division are not part of the transaction. Through a separate professional services agreement, BBPPS will become the exclusive pathology provider for Quest Diagnostics clients in Missouri and a preferred pathology provider in the greater Midwestern region. The professional services agreement will go into effect at the time the acquisition is completed, which is expected in the first quarter of 2019, subject to customary regulatory reviews. Additional financial terms of the transaction were not disclosed.
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