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LabCorp buying Spokane-based PAML

from The Spokesman-Review

The widely anticipated sale of Spokane-based PAML to industry giant LabCorp was made official when the companies announced the deal in a news release. Terms of the sale were not disclosed. LabCorp is buying the 60-year-old medical-testing laboratory from Providence Health & Services and Catholic Health Initiatives, two of the nation’s largest healthcare systems. Pathology Associates Medical Laboratories employs over 1,600 people, tests samples collected in eight states and generates about $300 million a year in revenue. more

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