Quest Diagnostics To Buy CLP's Outreach Lab Service Business - Quick Facts

(RTTNews) - Quest Diagnostics Inc. (DGX) said it has agreed to acquire the outreach laboratory service business of Clinical Laboratory Partners or CLP, a wholly-owned subsidiary of Hartford HealthCare. Financial terms of the deal, which is expected to be completed in early 2016, were not disclosed.

Hartford HealthCare or HHC is an integrated health care system with five hospitals in Connecticut. CLP provides clinical lab testing to physicians in Connecticut, acting as the outreach laboratory services provider for HHC. Outreach lab services are provided to local physicians and patients separate from hospital inpatient or outpatient care.

Under the agreement, CLP will transition laboratory testing now provided by its lab in Newington, Connecticut, to Quest's rapid-response clinical laboratories in Stratford, Torrington and Wallingford, Connecticut, and full-service, state-of-the-art clinical laboratory in Marlborough, Massachusetts. The acquisition also includes several CLP patient service centers and other select assets.