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Quest Diagnostics plans acquisition of Solstas

January 27, 2014

Zanki, Tom

Quest Diagnostics Inc. has agreed to acquire Solstas Lab Partners Group from its private equity owner for $570 million, a purchase that enables the Madison-based commercial laboratory to expand its presence in the Southeast.

Greensboro, N.C.-based Solstas operates in nine states spanning Virginia to Alabama. Quest CEO Steve Rusckowski said Solstas has excellent relationships in that region, enabling Quest to provide lab services to additional hospital clients.

Rusckowski said Quest's array of tests, scientific expertise and health information technology makes this acquisition a good fit

- Tom Zanki

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Source: NJBIZ (NJ)

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