Consolidation has dominated healthcare news over the past few years. Mergers between hospitals, payers, clinics, and other healthcare organizations are turning an ecosystem of individual stakeholders into one dominated by a few giants.

Clinical diagnostics company LabCorp announced it is buying private contract research organization Chiltern for $1.2 billion.

Merck KGaA is consolidating its western European life science production network that will close four manufacturing sites in Germany, resulting in the layoff of about 200 employees.