Quest Diagnostics has sold substantially all the assets of its OralDNA Labs salivary diagnostics business to Access Genetics, a clinical laboratory with advanced molecular diagnostics test development and information technology capabilities.
Terms of the transaction were not disclosed.
The divestiture of OralDNA represents a step in the company's ongoing strategy to refocus its resources on its core diagnostic information services business for physicians and hospitals, drive operational excellence, and restore growth, according to Quest. In November, the company announced changes to its management team and simplified its organization structure to concentrate on its core business.
Access Genetics has provided support and expertise for OralDNA-based testing services for dental professionals since 2008. As part of the transaction, OralDNA's testing services, now provided from a facility in Brentwood, TN, will consolidate under Access Genetic's laboratory in Eden Prairie, MN.
