Unilab Completes Premier Acquisition

Unilab Corp., a Tarzana-based provider of clinical laboratory testing services, said it completed the previously announced acquisition of Premier Laboratory Services Inc. for $31.5 million in cash and $7.5 million in Unilab common stock.

San Jose-based PathLab, the operating unit of Premier, has annual sales of about $22 million, Unilab said. Unilab has facilities in Los Angeles, San Jose and Sacramento, and in Europe.