Unilab Will Acquire San Jose Laboratory Firm
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Unilab Corp., a Tarzana-based clinical laboratory company, has agreed to acquire the parent company of PathLab, a laboratory operator in San Jose.
The purchase price for Premier Laboratory Services, the parent company, is $39 million in cash and stock.
PathLab has annual sales of about $22 million and operating profits of about $4 million, Unilab said. The acquisition, expected to close in January, will bolster Unilab’s Northern California operations, the company said.
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