Bankrupt MedLab To Sell Units To LabCorp For $10.5M

Law360, Wilmington (January 28, 2014, 7:34 PM ET) -- Bankrupt Laboratory Partners Inc., also known as MedLab, said in court papers Tuesday that it had landed a stalking horse for the planned auction of two of its Indiana-based units, stating that Laboratory Corp. of America Holdings would set the floor at $10.5 million.

In filings in the Delaware bankruptcy court, MedLab announced that it had struck an asset purchase agreement with the North Carolina-based clinical laboratory giant to hand over subsidiaries Terra Haute Medical Laboratory Inc. and Pathology Associates of Terra Haute Inc. in a...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest