Labcorp finalizes acquisition of Ballad Health lab assets

Johnson City, Tenn.-based Ballad Health has finalized its sale of select operating assets of its outreach laboratory services to Labcorp. 

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Ballad will continue to operate its inpatient and emergency department laboratories, as well as lab services for hospital-based practices, according to a Dec. 11 Labcorp news release. 

The deal was first announced in September and the sides also reached a strategic collaboration. Benefits of the collaboration include:

  • Enhanced access to affordable high-quality laboratory services for patients and employers
  • Expanded access to Labcorp’s comprehensive testing menu
  • Implementation of advanced digital tools for improved patient experience
  • Access to Labcorp’s broad network of patient service centers

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