What's Bubbling At Unilab?

Clinical laboratories, a thriving business in the booming medical field, are fast developing a following on the Street. Although highly fragmented, the business is dominated by such big names as SmithKline Bioscience, Roche Biomedical, and National Health Laboratories. Overall, some 12,000 labs, most of which are small and privately held, take in about $20 billion to $25 billion annually.

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