On the Record · Quest Diagnostics
Quest Diagnostics acquisitions, on the record
The businesses Quest Diagnostics bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Haystack Oncology, Inc.Word for word“The acquisition was an all-cash transaction for $392 million, net of $1 million of cash acquired, which consisted of cash consideration of $304 million and contingent consideration initially estimated at $88 million.” 10-K for 2023 | acquisition | — | $392 million, net of $1 million of cash acquired |
select assets of the laboratory services business of New York-PresbyterianWord for word“On April 17, 2023, we completed the acquisition of select assets of the laboratory services business of New York-Presbyterian, which serves providers and patients in New York, as well as the tri-state area and beyond, in an all cash transaction for $275 million.” 10-K for 2023 | acquisition | On April 17, 2023 | $275 million |
select assets of Northern Light Laboratory, the outreach laboratory services business of Northern Light HealthWord for word“We also completed our acquisition of select assets of Northern Light Laboratory, the outreach laboratory services business of Northern Light Health, a large integrated healthcare system in Maine.” 10-K for 2023 | acquisition | — | — |
Lenco Diagnostic Laboratories, Inc.Word for word“On February 12, 2024, we acquired select assets of Lenco, an independent clinical diagnostic laboratory provider serving physicians in New York, in an all-cash transaction for $111 million.” 10-K for 2024 | acquisition | February 12, 2024 | $111 million |
PathAI DiagnosticsWord for word“On June 10, 2024, we acquired select assets of PathAI Diagnostics, a business that provides anatomic and digital pathology laboratory services, in an all-cash transaction for $100 million.” 10-K for 2024 | acquisition | June 10, 2024 | $100 million |
LifeLabs Inc. and BPC Lab Finance LPWord for word“On August 23, 2024, we acquired LifeLabs in an all-cash transaction for approximately CAN $1.35 billion (approximately USD $1 billion).” 10-K for 2024 | acquisition | August 23, 2024 | approximately CAN $1.35 billion (approximately USD $1 billion) |
outreach laboratory services business of Allina HealthWord for word“On September 16, 2024, we acquired select assets of the outreach laboratory services business of Allina, which serves providers and patients in Minnesota and Wisconsin, in an all-cash transaction for $230 million.” 10-K for 2024 | acquisition | September 16, 2024 | $230 million |
laboratory business of three physician groups in New YorkWord for word“On September 30, 2024, we acquired the laboratory business of three physician groups in New York in an all-cash transaction for $300 million.” 10-K for 2024 | acquisition | September 30, 2024 | $300 million |
outreach laboratory services business of OhioHealthWord for word“On October 13, 2024, we acquired select assets of the outreach laboratory services business of OhioHealth, which serves providers and patients in Ohio, in an all-cash transaction for $200 million.” 10-K for 2024 | acquisition | October 13, 2024 | $200 million |
outreach laboratory services business of University HospitalsWord for word“On December 30, 2024, we acquired the outreach laboratory services business of University Hospitals, which serves providers and patients in Ohio, in an all-cash transaction for $183 million.” 10-K for 2024 | acquisition | December 30, 2024 | $183 million |
select clinical testing and dialysis-related water testing assets of Fresenius Medical Care's wholly-owned Spectra LaboratoriesWord for word“In 2025, we acquired select clinical testing and dialysis-related water testing assets of Fresenius Medical Care's wholly-owned Spectra Laboratories, a leading provider of renal-specific laboratory testing services in the United States.” 10-K for 2025 | acquisition | In 2025 | — |
LifeLabsWord for word“In 2024, we acquired LifeLabs, a company that provides laboratory diagnostic information and digital health connectivity systems in Canada.” 10-K for 2025 | acquisition | In 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $139 million | $295 million | $95 million |
| 2017-12-31 | $581 million | $1 million | $335 million |
| 2018-12-31 | $421 million | $2 million | $228 million |
| 2019-12-31 | $58 million | $0 | $43 million |
| 2020-12-31 | $330 million | — | $247 million |
| 2021-12-31 | $331 million | — | $228 million |
| 2022-12-31 | $144 million | — | $121 million |
| 2023-12-31 | $611 million | — | $511 million |
| 2024-12-31 | $2.16 billion | — | $1.15 billion |
| 2025-12-31 | $101 million | — | $80 million |
Deal filings since 2016
- 2026-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Quest Diagnostics’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.