Quest Diagnostics Expands Diagnostic Services with Acquisition
Quest Diagnostics Expands Diagnostic Services with Acquisition
Quest Diagnostics (NYSE: DGX), a renowned leader in diagnostic information services, has successfully completed the acquisition of specific clinical testing assets from Fresenius Medical Care's Spectra Laboratories. This acquisition enhances Quest's position in the field of renal-specific laboratory testing services. By gaining these assets, Quest is set to provide essential dialysis-related clinical testing to independent dialysis clinics that were previously serviced by Spectra Laboratories.
Enhancing Clinical Testing for Dialysis Clinics
As part of the strategic acquisition, Quest also anticipates finalizing the acquisition of select dialysis-related water testing assets shortly. This comprehensive deal symbolizes Quest's commitment to improving clinical services for disease management. Later this month, as part of a separate laboratory services agreement, Quest will initiate the provision of comprehensive dialysis-related laboratory services specifically for Fresenius Medical Care's dialysis centers, which accommodate nearly 200,000 patients each year.
Streamlined Services for Patients
The collaboration aims to deliver notable benefits for both providers and patients at these dialysis clinics. With expertise in chronic kidney disease (CKD) services, Quest is primed to leverage its cutting-edge diagnostic innovations. By utilizing Quest laboratories across the United States, the company plans to deliver quicker test results to nearby clinics, significantly reducing transportation time. This efficient approach will facilitate timely reporting for critical test services, resulting in enhanced patient care.
Optimizing Laboratory Operations
Moreover, Quest intends to enhance the return on its capital investments in the laboratory network by strategically performing tests during less busy daytime hours. This operational strategy not only maximizes efficiency but also ensures that the company can meet the growing demands of patients requiring regular lab testing as part of their kidney disease management.
Addressing Chronic Kidney Disease
Chronic kidney disease poses a substantial health challenge, impacting approximately 35.5 million individuals or 14% of the population in the United States. This chronic condition ranks among the ten most prevalent and costly diseases affecting Americans. Alarmingly, up to 9 in 10 adults living with CKD remain unaware that they have the disease. As CKD progresses to end-stage kidney disease (ESKD), patients often find themselves in urgent need of renal replacement therapies such as transplants or dialysis.
The Importance of Regular Testing
In the United States, over 800,000 people depend on dialysis to manage their kidney health. Regular laboratory testing is crucial for monitoring conditions that accompany dialysis and for ensuring the safety of the water used in dialysis procedures. Quest Diagnostics' advanced testing capabilities will play an instrumental role in providing the necessary oversight for these critical healthcare services.
About Quest Diagnostics
Quest Diagnostics is dedicated to fostering a healthier world, one life at a time. By leveraging insights from laboratory testing, Quest empowers individuals, healthcare providers, and organizations to take informed actions that lead to improved health outcomes. With access to one of the largest databases of de-identified clinical laboratory results globally, the company's diagnostic insights not only facilitate the identification and management of diseases but also encourage healthy behaviors.
Meeting the needs of approximately one in three adult Americans and half of the nation’s physicians and hospitals, Quest Diagnostics employs over 55,000 dedicated professionals. They recognize that when diagnostic insights are in the right hands and utilized within the appropriate context, they can trigger actions that change lives for the better. For more information about Quest Diagnostics, visit their website.
Frequently Asked Questions
What prompted Quest Diagnostics to acquire assets from Fresenius Medical Care?
The acquisition aims to enhance dialysis-related laboratory services and improve patient care at independent dialysis clinics.
How many patients will benefit from the acquisition?
The service expansion will benefit approximately 200,000 patients annually who seek care at Fresenius Medical Care dialysis centers.
What is the significance of chronic kidney disease in the U.S.?
Chronic kidney disease affects over 35 million individuals, making it a critical public health concern.
What services will Quest provide as part of this acquisition?
Quest will offer comprehensive dialysis-related laboratory services and water testing for dialysis centers.
How does Quest plan to optimize its laboratory operations?
Quest plans to perform testing during less busy daylight hours to maximize efficiency and return on capital investments.
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