Quest Diagnostics Completes Acquisition Of MemorialCare Health System's Laboratory Outreach Service Business In Southern California

MADISON, N.J. and LOS ANGELES, Aug. 4, 2015 /PRNewswire/ -- 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.

About Quest Diagnostics

Quest Diagnostics is the world's leading provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care. Additional company information is available at QuestDiagnostics.com. Follow us at Facebook.com/QuestDiagnostics and Twitter.com/QuestDX.

Contacts:

Wendy Bost, Quest Diagnostics (Media): 973-520-2800

Dan Haemmerle, Quest Diagnostics (Investors): 973-520-2900

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SOURCE Quest Diagnostics