Quest Diagnostics, a provider of diagnostic information services, has bought select assets of the laboratory services business of NewYork-Presbyterian, an academic medical center.

The deal is designed to expand access to laboratory services for the providers and patients of NewYork-Presbyterian primarily in New York as well as the Tri-State area and beyond. NewYork-Presbyterian will still own and operate hospital labs, including its anatomic pathology services, to continue providing clinical laboratory services with its academic partners.

“NewYork-Presbyterian and Quest share much in common, including a keen focus on the patient, deep roots in New York and reputations nationwide and beyond for outstanding healthcare services,” states Jim Davis, CEO and president, Quest Diagnostics. “We also both recognize the foundational role of laboratory medicine to healthcare.”