Business
Corewell Health and Quest Diagnostics Complete Laboratory Joint Venture Transaction in Michigan
Corewell Health and Quest Diagnostics (NYSE: DGX) today announced the completion of the previously announced transaction to establish a laboratory services joint venture to expand access to innovative, quality and affordable laboratory services in Michigan.
About this update from Quest Diagnostics Incorporated
[{"type":"text","content":"Quest also now provides comprehensive Collaborative Lab Solutions (Co-Lab) hospital lab management services for all 21 Corewell Health hospitals","length":144,"tagName":"p","attribs":{}},{"type":"text","content":"SOUTHFIELD, Mich. and GRAND RAPIDS, Mich. and SECAUCUS, N.J., Jan. 5, 2026 /PRNewswire/ -- Corewell Health and Quest Diagnostics (NYSE: DGX) today announced the completion of the previously announced transaction to establish a laboratory services joint venture to expand access to innovative, quality and affordable laboratory services in Michigan.","length":353,"tagName":"p"},{"type":"image","alt":"Corewell Health","displaySize":"","headline":null,"caption":"Corewell Health","className":"","disableSlideshowImg":false,"size":{"original":{"width":396,"height":127,"url":"https://media.zenfs.com/en/prnewswire.com/0c123c1954e40564d6e45c853b348230"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hTrfLmt5ug2TAudafW1fxw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0c123c1954e40564d6e45c853b348230","width":396,"height":127}},"href":"https://mma.prnewswire.com/media/2850642/Corewell_health.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Equity ownership of the joint venture, named Diagnostic Lab of Michigan, LLC, will be shared 51% by Quest and 49% by Corewell Health. Quest and Corewell Health's existing laboratories will continue to provide lab services to the joint venture until a future 100,000-square-foot state-of-the-art laboratory facility at the Corewell Health Southfield Center in Southfield, Michigan opens in the first quarter of 2027.","length":419,"tagName":"p"},{"type":"text","content":"In addition, Quest's Collaborative Lab Solutions (Co-Lab) hospital lab management services have begun to take effect across all 21 Corewell Health hospitals. Quest has also begun to deploy initiatives incorporating a comprehensive suite of Co-Lab Solutions for Corewell Health, including supply chain, lab management, patient blood and anemia management, and lab analytics and stewardship, in addition to reference testing, supporting quality, innovation access and productivity.","length":488,"tagName":"p"},{"type":"text","content":"About Corewell Health™ People are at the heart of everything we do, and the inspiration for our legacy of outstanding ...