M&A Deal Summary

Quest Diagnostics Acquires Unilab

On February 26, 2003, Quest Diagnostics acquired healthcare services company Unilab

Acquisition Highlights
  • This is Quest Diagnostics’ 2nd transaction in the Healthcare Services sector.
  • This is Quest Diagnostics’ 2nd transaction in the United States.
  • This is Quest Diagnostics’ 1st transaction in California.

M&A Deal Summary

Date 2003-02-26
Target Unilab
Sector Healthcare Services
Buyer(s) Quest Diagnostics
Deal Type Add-on Acquisition

Target

Unilab

Fullerton, California, United States
Unilab Corp is an independent provider of clinical laboratory testing services in California through its primary testing facilities in Los Angeles, San Jose and Sacramento and over 400 regional service and testing facilities located throughout the state. Unilab also operates in the state of Arizona.

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Buyer(S) 1

Buyer

Quest Diagnostics

Secaucus, New Jersey, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees45,000
Revenue 9.9B USD (2024)
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 2 of 39
Sector: Healthcare Services M&A 2 of 23
Type: Add-on Acquisition M&A Deals 2 of 26
State: California M&A 1 of 8
Country: United States M&A 2 of 36
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-07 American Medical Laboratories Inc

Chantilly, Virginia, United States

American Medical Laboratories Inc. provides esoteric testing services to various healthcare professionals, and esoteric and routine laboratory testing services in the geographic markets of metropolitan Washington, D.C.; and Nevada.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-08 LabOne

Lenexa, Kansas, United States

LabOne is a provider of risk assessment services to the insurance industry, laboratory testing and other services for the healthcare industry and substance abuse testing services for employers. Its risk assessment services include high-quality laboratory testing, investigative services, teleunderwriting, underwriting case management, and paramedical examinations.

Buy $934M