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Industry Spotlight > Mergers and Acquisitions

LabOne Gets Higher Credit Limit

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NU Online News Service, Dec. 11, 2003, 10:23 a.m. EST – LabOne Inc., Lenexa, Kan., says its bankers have increased its revolving credit limit to $150 million, from $100 million.[@@]

The insurance and medical laboratory testing company has made several acquisitions in the past year.

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The co-leaders of LabOne’s credit facility, which resembles the corporate equivalent of a credit card account, are units of J.P. Morgan Chase and Company, New York, and Wachovia Corp., Charlotte, N.C.