Laboratory corporation of america holdings (nyse:lh) completed the acquisition of clinical laboratory testing assets from south bend medical foundation inc.

Laboratory corporation of america holdings (nyse:lh) agreed to acquire clinical laboratory testing assets from south bend medical foundation inc on july 29, 2019. when the transaction is complete, south bend will retain its superior-quality pathology and blood banking services and will continue to focus on the hospitals and communities it serves through those businesses. the board of directors and members of south bend have approved the transaction, which is expected to close in the third quarter of 2019. south bend will reinvest the proceeds from the sale into the organization in order to further enhance and modernize facilities and procedures and ensure the ability to fund retiree pensions. laboratory corporation of america holdings (nyse:lh) completed the acquisition of clinical laboratory testing assets from south bend medical foundation inc on october 22, 2019
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