According to the agreement, Quest will perform a number of diagnostic tests at the health system’s Teterboro, N.J., lab facility.
“Quest is a unique company committed to innovating new technologies and diagnostic capabilities,” said Philip Ozuah, MD, PhD, COO of Montefiore Health System. “Most importantly, this new venture will allow Montefiore to maintain its laser focus on improving patient care and outcomes, while teaming up with a leader in the field who has access to the most sophisticated diagnostic equipment available.”
“We are pleased to partner with Montefiore, a premiere academic health system recognized for personalized, accountable care,” said Steve Rusckowski, chairman, president and CEO of Quest Diagnostics. “As part of our strategy to accelerate growth and drive operational excellence, Quest is collaborating with an increasing number of hospital partners, including leading academic institutions like Montefiore, which are looking to focus on their core business by taking advantage of our expertise, innovation and scale.”
More articles on transactions and valuations:
UnityPoint Health-Meriter to affiliate with Wisconsin hospital
9 Indiana hospitals sign letter of intent to create medical residency consortium
San Francisco General Hospital, UCSF negotiate lease for new research building
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.