By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Laboratory Corporation of American Holdings today announced a definitive agreement to purchase Genzyme Genetics for $925 million in an all-cash deal.

LabCorp will purchase the Genetics segment in its entirety, including all testing services, technology, intellectual property rights, and its nine testing laboratories. LabCorp is "committed" to offer employment to all of Genzyme Genetics' approximately 1,900 employees, including senior management, Genzyme said.

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