Quest Diagnostics repays $100 million under revolver

By Sara Rosenberg

New York, May 13 - Quest Diagnostics Inc. repaid $100 million of the $175 million borrowed under its unsecured revolving credit facility, according to a filing with the Securities and Exchange Commission. The $175 million was used to finance the acquisition of American Medical Laboratories Inc.

Through the acquisition, Quest gained two full-service laboratories, 51 patient centers and hospital sales, service and logistics capabilities. The purchase price was approximately $335 million.

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