Quest Diagnostics to Acquire University Hospitals’ Outreach Laboratory Services Business

Secaucus, N.J., and Cleveland – August 21, 2024, Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, and University Hospitals, one of the nation’s leading nonprofit health systems and academic medical centers, today announced a definitive agreement for Quest to acquire select assets of University Hospitals’ outreach laboratory services business.

The parties expect to complete the transaction in the fourth quarter of 2024, assuming customary regulatory reviews.

Kaufman Hall served as the exclusive transaction advisor to University Hospitals throughout the sale process.