Quest Buys ConVerge Diagnostic Services From Water Street

Law360, New York (October 8, 2013, 3:44 PM EDT) -- Quest Diagnostics Inc. purchased women's health diagnostics laboratory ConVerge Diagnostics Services LLC from industry-focused private equity firm Water Street Healthcare Partners, the companies announced Monday.

While financial terms of the deal were not disclosed, Water Street typically invests in companies valued between $50 million and $500 million. In the deal, New Jersey-based Quest Diagnostics will assume control of ConVerge's laboratories across more than a dozen locations throughout New England.

"As a regional leader in women's health that is also recognized for customer service, medical expertise and...
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