Laboratory Industry Report

Rumors continue to indicate that Roanoke, Virginia-based Carilion Labs is going on the market, with Quest Diagnostics, LabCorp, Sonic Healthcare USA, and Laboratory Partners all reportedly bidding for the business. So far, officials declined to comment specifically on the potential sale, except to say that there is no current budget for acquisitions. "The original capital allocated for acquisitions has been spent or committed," said Eric Earnhart, spokesman for Carilion Clinic, the health system that owns the laboratory. "In light of this and the company’s current point of maturation, Carilion hired Wachovia to explore all of its strategic options and advise on how best to proceed with the Lab. No definitive decisions have been made."