BURLINGTON – Life science giant LabCorp just keeps getting bigger.
The company announced Tuesday it had acquired the diagnostic clinical lab testing business of South Bend Medial Foundation. The deal means LabCorp can offer more services in parts of Indiana, Michigan, Ohio and Illinois.
Financial terms were not disclosed.
“SBMF, a non-profit healthcare provider serving patients for more than 100 years, will continue to provide professional pathology and blood banking services to hospitals and physicians, and will expand its pathology services through a new collaborative relationship with LabCorp,” the firms said.
“This year, LabCorp is celebrating five decades of providing innovative, customer-focused clinical laboratory services as part of our mission to improve health and improve lives,” said Amy Rhine-Pallas, senior vice president of LabCorp Diagnostics’ North Central Division. “I am proud and excited that we will begin our next 50 years by expanding our presence in South Bend and the surrounding markets and establishing a collaboration with the highly regarded pathologists and staff at SBMF.”
LabCorp (NYSE: LH) is based in Burlington and has extensive operations across North Carolina.