Labcorp enters comprehensive, long-term laboratory relationship with Ascension
Labcorp, a global life sciences company, announced that it has entered into agreements to create a comprehensive strategic relationship with Ascension, a non-profit health system. Through the collaboration, Labcorp will manage Ascension’s hospital-based laboratories in 10 states and purchase select assets of the health system’s outreach laboratory business. This long-term relationship will expand Labcorp’s clinical laboratory services in several states across the country while creating opportunities to enhance care across all clinical areas.
The relationship allows Ascension to leverage Labcorp’s scientific expertise, technology, and scale in therapeutic areas such as oncology, neurology, and women’s health—thereby enhancing existing laboratory services and offerings. Ascension’s patients and clinician network will also have access to Labcorp’s leading diagnostics and at-home test collection services.
The lab management arrangement will cover Ascension’s hospital laboratories in Alabama, Florida, Kansas, Maryland, Michigan, New York, Oklahoma, Tennessee, Texas, and Wisconsin. Additionally, Labcorp will work to improve standardization and efficiency using proprietary analytic tools and processes.
The transactions represent the national implementation of a laboratory services model that has proven successful both locally and regionally in fostering innovation and creating value for patients, providers, and communities. It sets the stage for a long-term relationship designed to adapt to a changing health care environment.
Through Labcorp Drug Development, Ascension will be able to present enhanced opportunities for physicians and patients, including access to clinical trials, innovative new therapies and, where appropriate, new treatment options.
