Labcorp to Acquire Select Parkview Health Laboratory Outreach Assets

Original from: Labcorp

Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, and Parkview Health, one of the fastest growing health systems in the Midwest, today announced a strategic agreement for Labcorp to acquire select assets of the health system’s outreach laboratory services that provides high-quality testing across Indiana and northwest Ohio.

Once finalized, the transaction is expected to enhance the patient and provider experience with continuity of convenient laboratory services while expanding access to Labcorp’s national network of patient service centers, comprehensive testing capabilities, advanced digital tools and actionable data-driven insights.

“Labcorp and Parkview share a deep commitment to improve the health and lives in the communities we serve,” said Amy Rhine-Pallas, Senior Vice President of Labcorp’s North Central Division. “This acquisition is expected to provide patients and physicians across Indiana and northwest Ohio with greater access to Labcorp’s comprehensive laboratory services, scientific expertise and expanded testing capabilities to help them make informed care decisions.”

“For many years, Parkview has been working to enhance the value of healthcare services for our patients, and this is one more milestone in that journey,” said Dr. Ray Dusman, president of physician and clinical enterprise at Parkview. “By partnering with Labcorp, a global leader in laboratory services, our patients will have broader access to cost-effective, high-quality laboratory services.”

The agreement applies only to non-emergent outreach laboratory services. Labs located inside Parkview hospitals will continue to serve patients with emergency and acute care needs.  

The two organizations are working closely to ensure a seamless transition that maintains continuity of care for patients and their physicians. The transaction is expected to close in 2026, pending customary closing conditions and regulatory approvals. Until then, operations and services will continue as usual.

This acquisition follows other strategic agreements and relationships that Labcorp has established with a range of regional and national health systems that have enhanced services for patients and providers.

Similarly, Parkview has established a number of arrangements with leading scaled national providers of home health, ambulatory surgical services, and now laboratory services to ensure continuous integrated access to the full continuum of care at the lowest possible cost.  

Source: Labcorp to Acquire Select Parkview Health Laboratory Outreach Assets