You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Around the Region

UMass hospital sells part of lab unit

UMass Memorial Medical Center in Worcester, which has been restructuring operations to improve its finances, said Tuesday it has signed an agreement to sell the hospital’s clinical outreach laboratory business to Quest Diagnostic for an undisclosed price.

The medical center, part of UMass Memorial Health Care — the largest health care system in Central Massachusetts — said the sale was the first step toward an alliance in which UMass Memorial could take a financial stake in a new venture that would operate a state-of-the-art lab in Massachusetts.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week