Frost bought a bunch

MORE commitment, lessens. the float! 

Your wish is Dr. Frosts command... he purchased 75,000 more shares yesterday. 

OKAY so its not tooo significant!

I mentioned LH's efforts in the partnerships area. But they are also buying the test businesses of hospital systems outright, in some cases paying hefty sums. What they've been up to lately:

Labcorp scoops up Tufts Medicine outreach lab, continuing buying spree
2023-08-16 12:51:45.905 GMT

Susan Kelly


* Labcorp said it will expand its diagnostic testing and laboratory services
offerings in eastern Massachusetts with the acquisition of Tufts
Medicine’s outreach lab business and related operating assets.
* The organizations, which did not disclose financial terms of the
transaction, characterized the deal as the first step toward a larger
strategic partnership.
* The sale of the Boston-based academic health system’s laboratory outreach
testing business, which serves area physicians, coincides with the
elimination of 574 jobs across Tufts Medical Center, Lowell General
Hospital and MelroseWakefield Hospital, according to a Worker Adjustment
and Retraining Notification Act notice in Massachusetts. The layoffs are
effective in October, when the Labcorp acquisition is expected to be
finalized.

Dive Insight:

Laboratory services company Labcorp has accelerated a strategy to drive growth
through a string of healthcare system acquisitions and partnerships as its
COVID PCR testing volumes have tapered off.

The company, which completed the spinoff of the Fortrea clinical trial
management business in June, is working to integrate the operations of St.
Louis-based health system Ascension after acquiring part of its outreach
laboratory segment in a $400 million deal announced last year.

In April, Labcorp said it was managing laboratories in nearly 100 Ascension
hospitals, and CEO Adam Schechter said the company was in active talks with
other potential partners. “The pipeline for hospital and local lab acquisition
and investment is robust,” he told analysts at the time.

The company subsequently announced deals to acquire the outreach laboratory
businesses of two healthcare providers in Oregon: Providence Health and
Services and Legacy Health.

The Tufts transaction will expand patient specimen collection access in the
communities served by the hospital system, Labcorp said. The partnership is
intended to standardize lab testing across the system and reduce wait-times
for patients. Clinicians and patients will gain access to Labcorp's scientific
expertise and advanced diagnostics in areas including oncology, neurology and
women's health, according to the announcement.

Tufts Medicine spokesperson Jeremy Lechan said the health system is working
with Labcorp to develop a comprehensive plan to optimize lab testing services
in inpatient, outpatient and ambulatory settings.

“At this time, we are quite certain the majority of laboratory employees
supporting ambulatory laboratory services will receive comparable job offers
with Labcorp,” Lechan said.

Insider..................................Purchase Date.....Shares.......Average Price
FROST PHILLIP MD ET AL......08/17/2023.....100,000.........$1.76 2,585.245 for Dr. Frost in FY23
FROST PHILLIP MD ET AL......08/14/2023.......75,000.........$1.75
FROST PHILLIP MD ET AL......08/09/2023.....100,000.........$1.80
FROST PHILLIP MD ET AL......08/07/2023.....650,000.........$1.81
NABEL, GARY.......................05/05/2023.....187,608.........$1.78
NABEL, GARY.......................05/05/2023.....272,637.........$1.82
FROST PHILLIP MD ET AL......03/22/2023.....200,000.........$1.31
FROST PHILLIP MD ET AL......03/08/2023..1,000,000.........$1.12

FROST PHILLIP MD ET AL......11/22/2022.....300,000.........$1.48 5,660,000 for Dr. Frost in FY22
FROST PHILLIP MD ET AL......11/09/2022…..200,000.........$1.56
FROST PHILLIP MD ET AL......10/27/2022.....100,000.........$1.80
FROST PHILLIP MD ET AL......10/19/2022…..100,000.........$1.70
FROST PHILLIP MD ET AL......10/14/2022.....100,000.........$1.72
FROST PHILLIP MD ET AL......10/13/2022.....100,000.........$1.78
FROST PHILLIP MD ET AL......10/12/2022.....100,000.........$1.71
FROST PHILLIP MD ET AL......10/07/2022.......75,000.........$1.76
FROST PHILLIP MD ET AL......09/26/2022.......50,000.........$1.78
FROST PHILLIP MD ET AL......09/23/2022…....50,000.........$1.84
FROST PHILLIP MD ET AL......09/22/2022.......50,000.........$1.89
FROST PHILLIP MD ET AL......09/21/2022.......50,000.........$1.90
FROST PHILLIP MD ET AL......09/20/2022.......50,000.........$1.93
FROST PHILLIP MD ET AL......09/19/2022.......50,000.........$1.97
FROST PHILLIP MD ET AL......09/15/2022.....200,000.........$2.04
FROST PHILLIP MD ET AL......09/02/2022.....100,000.........$2.13
FROST PHILLIP MD ET AL......08/17/2022.....200,000.........$2.52
FROST PHILLIP MD ET AL......08/05/2022.....100,000.........$2.25
NABEL, GARY.......................06/22/2022.....240,000.........$2.47
FROST PHILLIP MD ET AL......06/21/2022....200,000.........$2.38
FROST PHILLIP MD ET AL......06/16/2022....100,000.........$2.29
FROST PHILLIP MD ET AL......06/13/2022....100,000.........$2.36
FROST PHILLIP MD ET AL......06/06/2022....100,000.........$2.77
FROST PHILLIP MD ET AL......06/01/2022......50,000.........$2.93
FROST PHILLIP MD ET AL......05/31/2022......50,000.........$3.00
FROST PHILLIP MD ET AL......05/25/2022......50,000.........$2.96
FROST PHILLIP MD ET AL......05/18/2022......50,000.........$2.86
NABEL, GARY.......................05/18/2022......68,492.........$2.90
FROST PHILLIP MD ET AL......05/16/2022....150,000.........$2.96
FROST PHILLIP MD ET AL......05/13/2022....200,000.........$2.95
NABEL, GARY.......................05/12/2022........6,979.........$2.65
FROST PHILLIP MD ET AL......05/11/2022....400,000.........$2.83
FROST PHILLIP MD ET AL......05/10/2022....400,000.........$2.78
ZERHOUNI ELIAS……………......05/10/2022......89,600.........$2.79
FROST PHILLIP MD ET AL......03/14/2022......35,000.........$3.02
FROST PHILLIP MD ET AL......03/11/2022....100,000.........$3.12
FROST PHILLIP MD ET AL......02/28/2022....100,000.........$3.08
FROST PHILLIP MD ET AL......02/25/2022....750,000.........$3.09
FROST PHILLIP MD ET AL......02/14/2022....100,000.........$3.02
FROST PHILLIP MD ET AL......02/01/2022....150,000.........$3.00
FROST PHILLIP MD ET AL......01/26/2022....350,000.........$2.92