May 19, 2010
Dear Valued Patient or Client,
Westcliff Medical Laboratories has signed a definitive agreement to sell its operations to Laboratory Corporation of America (LabCorp). LabCorp is the second largest clinical laboratory company in the United States, is very strong financially; and is one of our major competitors here in California.
This sale will bring together Westcliff’s long history of personalized service and quality laboratory services together with LabCorp’s world-class infrastructure, access, science, and technological resources. This is truly a winning combination!
Our
first priority has always been and will continue to be to provide quality and timely laboratory services to our clients and patients. This commitment will be
priority #1 as our two companies come together. As a valued patient or client we encourage you to submit any questions that you may have to
WML.Sale@westclifflabs.com. We will provide a prompt response to your questions. In addition, if you are a health care provider you may click one of the links below to see more information about just a few of the benefits that will be available to you:
Despite Westcliff’s positive performance over the past two years our financial position has been negatively affected by challenging business conditions – primarily, significant third party payor reimbursement reductions.
As required under the purchase agreement and to facilitate the sale Westcliff will file a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code and will request the Court’s permission to approve the sale.
Thank you for your continued business and confidence. We look forward to exceeding your expectations now and in the future!
If you are a vendor or other claimant and you require official Court information, please
click here.