Q4-2018 Laboratory Services Update

The overall laboratory services market continues to expand, seeing a growth rate of 1.5% a year over the last five years highlighted by the revenue in the space surpassing $19 billion for the first time. The most notable take away from the end of 2018 was the absence of any acquisitions by LabCorp or Quest, who have largely driven the consolidation market for the better part of the year. Provident expects these two global leaders will divert back to their high spending habits in the new year.

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.