|View printer-friendly version|
|Quest Diagnostics Completes Acquisition of Athena Diagnostics|
MADISON, N.J., April 4, 2011 /PRNewswire via COMTEX/ --
Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic testing, information and services, today announced it has completed its previously announced acquisition of Athena Diagnostics, an esoteric laboratory specializing in genetic testing for neurological disorders, from Thermo Fisher Scientific (NYSE: TMO).
Athena Diagnostics will continue to operate under its own name as an independent business within Quest Diagnostics. Its clinical laboratory in Worcester, Massachusetts,is nowthe center of excellence in neurology diagnostics for Quest Diagnostics.
"With this acquisition, Quest Diagnostics has clearly establishedthe leading position in the neurology diagnostics market," said Surya N. Mohapatra, Ph.D., Chairman and Chief Executive Officer of Quest Diagnostics."Patients and healthcare providerswill realize significant benefits from the transaction, including greater access, convenience and breadth of diagnostic services expertise than either company could offeralone."
About Athena Diagnostics
Founded in 1988, Athena Diagnostics is the leading provider of advanced diagnostictesting servicesfor aiding in the assessment of neurological disorders, including Alzheimer's disease, spinal muscular atrophy and otherneuromusculardisorders, and developmental disorders. Based in Worcester, Massachusetts, Athena provides the most comprehensive test menu and intellectual property portfolio for neurological conditions through more than 350 diagnostic tests.
About Quest Diagnostics
Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care.For more information,refer to www.QuestDiagnostics.com.
SOURCE Quest Diagnostics Incorporated