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Tue, April 23, 2013Mon, April 22, 2013Sun, April 21, 2013Fri, April 19, 2013Thu, April 18, 2013Wed, April 17, 2013Tue, April 16, 2013Mon, April 15, 2013Fri, April 12, 2013Thu, April 11, 2013Wed, April 10, 2013Tue, April 9, 2013Mon, April 8, 2013Sat, April 6, 2013Fri, April 5, 2013Thu, April 4, 2013Wed, April 3, 2013Tue, April 2, 2013Mon, April 1, 2013Fri, March 29, 2013Thu, March 28, 2013Wed, March 27, 2013Tue, March 26, 2013Quest Diagnostics Completes Sale of HemoCue Business to Radiometer Medical ApS
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Published in Health and Fitness on Tuesday, April 9th 2013 at 14:31 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Quest Diagnostics Completes Sale of HemoCue Business to Radiometer Medical ApS -- MADISON, N.J., April 9, 2013 /PRNewswire/ --
MADISON, N.J., April 9, 2013 /PRNewswire/ -- Quest Diagnostics (NYSE: [ DGX ]), the world's leading provider of diagnostic information services, today announced that it has completed the sale of its HemoCue diagnostic products business to Radiometer Medical ApS for a purchase price of approximately $300 million plus customary adjustments for cash balances. HemoCue develops, produces and markets hemoglobin, glucose and other point-of-care testing systems worldwide.
In February 2013, Quest Diagnostics announced it had entered into a definitive agreement to sell HemoCue to Radiometer, with plans to use the proceeds to repurchase approximately $300 million of Quest Diagnostics shares as part of the company's stock buyback program.
The transaction follows an announcement by Quest Diagnostics late last year that it would seek strategic alternatives for certain non-core business assets in order to concentrate on its diagnostic information services business. In December 2012, the company divested OralDNA Labs.
About Quest Diagnostics
Quest Diagnostics is the world's leading provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information 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. Additional company information is available at [ QuestDiagnostics.com ]. Follow us at [ Facebook.com/QuestDiagnostics ] and [ Twitter.com/QuestDX ].
Quest, Quest Diagnostics, and all associated Quest Diagnostics registered or unregistered trademarks are the property of Quest Diagnostics. All third-party marks are the property of their respective owners.
Quest Diagnostics Contacts:
Dan Haemmerle (Investors): 973-520-2900
Wendy Bost (Media): 973-520-2800
SOURCE Quest Diagnostics
RELATED LINKS
[ http://www.QuestDiagnostics.com ]