Rx Medical to Acquire Laboratory

NEWPORT BEACH — Rx Medical Services Corp., a holding company for medical testing laboratories, said Monday that it has agreed to acquire Lawrence Medical Laboratory in Monrovia for an undisclosed amount. Rx Medical said that the acquisition, its 17th in the past 18 months, will increase its revenue to more than $22.5 million annually. Rx Medical’s laboratories provide imaging and blood-testing services. In Monday’s trading on the American Stock Exchange, the company’s stock fell 25 cents a share to close at $4.38.