Unilab Corp. Buys Lab’s Customer List

Unilab Corp., a Tarzana lab-testing company, said it acquired certain assets, including the customer list, of Central Reference Laboratory in Anaheim for about $4.5 million.

Privately held Central Reference is an independent regional laboratory with annual revenue of more than $6 million, Unilab said.

Unilab added that the price it agreed to pay for Central Reference’s assets is subject to adjustment based on the level of retained business. The purchase price is payable in three annual installments of cash or Unilab’s common stock, at Unilab’s choice, it said. The transaction was effective Nov. 1.

The first payment was made in Unilab’s common stock.