Nonprofit health system Ascension has inked a strategic relationship with clinical laboratory network Labcorp, in a deal that should expand its testing capabilities, Health Care Dive reports.
Under the terms of the deal, Labcorp will manage Ascension’s hospital-based laboratories in 10 states, and acquire select assets of the St. Louis-based system’s outreach laboratory business. The transaction is expected to close in the first half of 2022.
The partnership — Labcorp’s latest with a health system — should boost Ascension’s existing lab services through use of Labcorp’s technology and scale in therapeutic areas like oncology, neurology and women’s health. Read more.
