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Quest Diagnostics, With Local Offices, Buys Specialty Lab

MADISON NJ – Quest Diagnostics Inc., which promotes itself as the world’s leading provider of diagnostic testing, information and services – and which operates patient service centers in Lower Pottsgrove (PA) Township, Gilbertsville, Trappe, Phoenixville, and Collegeville – said Thursday (Feb. 24, 2011) it would buy Athena Diagnostics, a laboratory specializing in genetic testing for neurological disorders.

Signage at one of Quest's service centers.

Athena’s owner, Thermo Fisher Scientific, is selling the business for $740 million in cash. Based in Massachusetts, Athena offers advanced diagnostic tests used to rule out or confirm physicians’ diagnoses of neurological conditions such as Alzheimer’s disease, neuromuscular disorders such as Spinal Muscular Atrophy, and developmental disorders.

Athena generated about $110 million in revenues during 2010 and is growing at a double-digit rate, Quest said. Its Lower Pottsgrove facility is located on Medical Drive. The sale is expected to close early in the second quarter of 2011.

Photo from Creative Dimensions

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