Quest Diagnostics to Acquire LifeLabs for $985 Million (C$1.35 Billion)

Jul 3, 2024, 12:56 PM

Quest Diagnostics has announced its acquisition of LifeLabs, a Canadian provider of community laboratory tests, from OMERS for approximately $985 million, including debt. The deal, valued at C$1.35 billion, will enhance diagnostic services in Canada. The acquisition was officially announced on July 3, 2024. Quest Diagnostics trades under the ticker symbol $DGX.