Details of the transaction were not disclosed. In addition, Quest will become the sole preferred provider of laboratory services for the Memorial Hermann Health Plan, upon closing. The parties expect to complete the transaction in the second quarter of 2020, assuming customary regulatory approvals are granted. Memorial Hermann will continue to wholly own these labs. Upon closing, Quest will also provide professional laboratory management services through a multi-year agreement for all of Memorial Hermann's 21 hospital laboratories, which provide onsite rapid response testing. ![]() These services will transition to the Quest Diagnostics full-service laboratory in Houston. ![]() The acquisition includes nearly 30 MHDL patient service centers and nearly 60 in-office laboratory service sites. ![]() Quest and Memorial Hermann have executed a definitive agreement for Quest to acquire select assets which constitute substantially all the operations of Memorial Hermann Diagnostic Laboratories (MHDL), the outreach laboratory division of Memorial Hermann. 27, 2020 /PRNewswire/ - Quest Diagnostics (NYSE: DGX), the leading provider of diagnostic information services, and Memorial Hermann Health System, a leading not-for-profit health system that includes 17 hospitals and more than 300 care delivery sites in the Greater Houston region, today announced a multi-pronged, long-term collaboration intended to broaden access to innovative, high-value laboratory services for providers and patients in Greater Houston.
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