Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today announced that it has completed the previously announced acquisition of MemorialCare Health System's laboratory outreach service business.
As a result of the transaction, patients and physicians now have access to Quest's extensive range of innovative services and network of nearly 200 patient service centers in southern California. MemorialCare Health System's hospital-based laboratories are not part of the transaction.
The acquisition supports Quest's five-point strategy, in particular, its focus on restoring growth and driving disciplined capital deployment through strategically aligned, accretive acquisitions. The transaction is expected to be neutral to earnings in 2015.