Labcorp purchasing parts of Incyte Diagnostics

A national laboratory services company that already has a presence in the Tri-Cities is buying some of the assets of a competitor, including its lab in Richland. 

North Carolina-based Labcorp will acquire portions of Spokane Valley-based Incyte Diagnostics’ clinical testing and anatomic pathology business, according to a release. Specifically, Labcorp will take on Incyte’s multiple same-day testing day labs as well as Incyte’s main anatomic pathology laboratory in Spokane and its labs in Richland, Tukwila and Missoula. 

With the anatomic pathology business, Incyte’s pathologists will continue to provide services examining and interpreting tissue sample, while Labcorp will provide tissue processing and slide preparation services. 

Incyte invested $1.6 million to remodel a building at 221 Wellsian Way for its Richland laboratory seven years ago. 

“As a physician owned group, we are excited to offer new resources for our providers, patients, and community,” said Dr. Jon Rittenbach, Incyte’s board chairman, in a statement. “Our commitment is to continue to leverage a robust infrastructure for delivering quality diagnostic care. This partnership will help us extend the local services we have provided over 68 years and support it into the future.” 

The deal is expected to close later in the year. The companies will continue to operate independently until that time. 

Labcorp operates eight lab services locations in the Tri-Cities, many which were previously operated by Tri-City Labs (TCL). Labcorp bought an interest in TCL when it purchased the holding company that held it in 2017.