M&A Deal Summary

Quest Diagnostics Acquires PeaceHealth Laboratories - Laboratory Services

On May 1, 2017, Quest Diagnostics acquired test/measurement equipment company PeaceHealth Laboratories - Laboratory Services from PeaceHealth Medical Group

Acquisition Highlights
  • This is Quest Diagnostics’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Quest Diagnostics’ 18th transaction in the United States.
  • This is Quest Diagnostics’ 1st transaction in Washington.

M&A Deal Summary

Date 2017-05-01
Target PeaceHealth Laboratories - Laboratory Services
Sector Test/Measurement Equipment
Buyer(s) Quest Diagnostics
Sellers(s) PeaceHealth Medical Group
Deal Type Divestiture

Target

PeaceHealth Laboratories - Laboratory Services

Vancouver, Washington, United States
PeaceHealth Laboratories - Laboratory Services is a provider of testing services for serving physicians and patients in Washington and Oregon. Physicians and patients will benefit from access to a broader range of testing services that includes advanced diagnostic capabilities.

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Buyer(S) 1

Buyer

Quest Diagnostics

Secaucus, New Jersey, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees50,000
Revenue 9.3B USD (2023)
DESCRIPTION

Quest Diagnostics is a 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 was founded in 1967 and is based in Secaucus, New Jersey.


DEAL STATS #
Overall 19 of 38
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 6 of 11
State (Washington) 1 of 2
Country (United States) 18 of 35
Year (2017) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Focus Diagnostics

Cypress, California, United States

Focus Diagnostics, Inc. is a developer of immunodiagnostic and molecular diagnostic products.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 Clearpoint Diagnostic Laboratories

Lewisville, Texas, United States

Clearpoint Diagnostic Laboratories is a provider of physicians with routine and STAT laboratory tests and other related services.

Buy -

Seller(S) 1

SELLER

PeaceHealth Medical Group

Vancouver, Washington, United States

Category Company
Sector Healthcare Services
DESCRIPTION

PeaceHealth Medical Group, Inc. is a not-for-profit Catholic health system based in Vancouver, Washington. PeaceHealth hospitals and clinics offer care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, a multi-specialty medical group practice with more than 800 physicians and providers, a comprehensive laboratory system, and 10 medical centers serving both urban and rural communities throughout the Northwest.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 ZOOM+Care

Portland, Oregon, United States

ZOOM+Care is creating a better way to get and give healthcare. The Portland-based innovator is the leading provider of on-demand retail and digital healthcare. Zoom® cares for hundreds of thousands of people per year at 37 neighborhood clinics in Portland, Vancouver, Seattle and Salem. Zoom provides complete care including urgent care, primary care, specialty care, mental health, telemedicine and more. ZOOM+Care was founded in 2006 by Portland, Oregon, physicians David Sanders, MD, and Albert DiPiero, MD, MPH. ZOOM+Care was built on the promise of Twice 1/2 Ten® - twice the health, half the cost, ten times the delight. ZOOM+Care is credited with many healthcare firsts that have accelerated improvements in the delivery of care and has been selected as one of Oregon's "Most Admired Companies" for five consecutive years. ZOOM+Care and Zoom are registered trademarks of ZOOM+Care.

Buy -