LabCorp To Buy Assets Of Pathology; Terms Undisclosed - Quick Facts

(RTTNews) - Laboratory Corporation of America Holdings (LH) or LabCorp said that it has entered into a definitive agreement to acquire substantially all of the operating assets of Pathology, Inc., including patient service centers, used to conduct Pathology, Inc.'s medical testing and services business. Terms of the agreement were not disclosed.

Upon the closing of the transaction, Pathology Inc. will cease operations.

Pathology, Inc. is a leading full-service independent women's health laboratory, providing expertise in reproductive FDA donor testing as well as anatomic, molecular and digital pathology services.

The transaction is subject to customary closing conditions, including the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is expected to close in the first quarter of 2016.