09:10 AM EDT, 08/26/2024 (MT Newswires) -- Quest Diagnostics ( DGX ) said Monday it completed its acquisition of LifeLabs from a Canadian pension fund in a transaction worth 1.35 billion Canadian dollars ($1 billion).

The acquisition is expected to add approximately CA$970 million to the company's annual revenue and CA$0.10 to CA$0.15 to adjusted EPS in the next 12 months, Quest Diagnostics ( DGX ) said. The company said the acquisition is slated to be "slightly dilutive" to its GAAP EPS, mostly due to an "amortization of intangibles and other items."