5 systems selling their labs

Health systems in Oregon, Massachusetts, Pennsylvania and New York have been unloading their lab assets as they deal with financial difficulties.

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Here are five health systems selling off their lab businesses that Becker’s has reported on since August:

 

  1. In November, Portland, Ore.-based Legacy Health sold its laboratory operations to Labcorp as the system looks to emerge from a ‘financial crisis.’
  2. In October, Springfield, Mass.-based Baystate Health sold its lab assets to Labcorp for an undisclosed amount.
  3. In August, Philadelphia-based Jefferson Health sold its lab assets to Labcorp for $108 million.
  4. In August, New York City-based NewYork-Presbyterian sold its lab assets to Quest Diagnostics for $275 million.
  5. In August, Boston-based Tufts Medicine sold its lab business to Labcorp.

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