Cincinnati Hospital Group Agrees To Sell Lab Unit

NU Online News Service, Dec. 1, 2003,1:27 p.m. EST – The Health Alliance, Cincinnati, a nonprofit company that controls six hospitals and a primary care physician network in the Cincinnati area, has signed a definitive agreement that calls for it to sell Alliance Laboratory Services, its medical testing laboratory unit, to LabOne Inc., Lenexa, Kan.[@@]

After completing the sale, Health Alliance would buy routine lab services from LabOne. Health Alliance hospitals would continue to own six “immediate response” hospital labs, but LabOne would run those labs, too, LabOne says.

The companies hope to complete the deal in early January 2004, LabOne says.