Path Inc sells out to LabCorp

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

WEBB PINKERTON

Full Member
10+ Year Member
Joined
Dec 16, 2010
Messages
2,130
Reaction score
1,032
The stand to only get bigger and bigger. They can give away pathology to get better margin clinical lab work.
Insurance companies favor Labcorp and Quest.
In our state no one does paps except the big boy.

I don't like to sound like chicken little but tighten the noose every day.
 
  • Like
Reactions: 1 user
Members don't see this ad :)
Some will likely head to other labcorp locations-Monrovia or San Diego I guess. Others will be unemployed.

Labcorp bought up 3 labs in my territory (including one I once called home), closed all three and routed the specimens to a lab in another state. It was a bloodbath and flooded the market even worse around here.
 
I'm sure the shareholders at the top were cut a nice check, so I have no sympathy for them. As for the underlings, that may be a different story...I know of a similar pathologist-owned lab (different region) that sold out to AmeriPath and they all got a huge payday. Afterwards, they worked as employees for awhile before AmeriPath shut down that lab altogether. But it was no skin off their back, because the group already covered a couple of hospitals before starting up the reference lab. The moral of the story is to have safety nets in place because you never know when something unexpected like this can happen. Expand, network, save money, and find other income streams. Do what you can to protect yourself and family's future.
 
Last edited:
  • Like
Reactions: 1 user
Top