M&A Deal Summary

Quest Diagnostics Acquires Spectra Laboratories - Select Laboratory Assets

On February 24, 2025, Quest Diagnostics acquired healthcare services company Spectra Laboratories - Select Laboratory Assets from Spectra Laboratories

Acquisition Highlights
  • This is Quest Diagnostics’ 23rd transaction in the Healthcare Services sector.
  • This is Quest Diagnostics’ 36th transaction in the United States.
  • This is Quest Diagnostics’ 8th transaction in California.

M&A Deal Summary

Date 2025-02-24
Target Spectra Laboratories - Select Laboratory Assets
Sector Healthcare Services
Buyer(s) Quest Diagnostics
Sellers(s) Spectra Laboratories
Deal Type Divestiture

Target

Spectra Laboratories - Select Laboratory Assets

Milpitas, California, United States
Spectra Laboratories's Select Laboratory Assets offers laboratory services. Spectra Laboratories's Select Laboratory Assets are based in Milpitas, California.

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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 39 of 39
Sector (Healthcare Services) 23 of 23
Type (Divestiture) 12 of 12
State (California) 8 of 8
Country (United States) 36 of 36
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 LifeLabs

Toronto, Ontario, Canada

LifeLabs is a provider of more than 50 million laboratary tests to over 10 million patients and nearly 20,000 physicians across Canada. LifeLabs is based in Toronto, Canada.

Buy $985M

Seller(S) 1

SELLER

Spectra Laboratories

Milpitas, California, United States

Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

Spectra Laboratories is a provider of renal-specific laboratory testing services. Spectra Laboratories was founded in 1983 and is based in Milpitas, California.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1