Diagnostics technologies and lab services company Laboratory Corp. of America Holdings (NYSE:LH) announced a definitive agreement to acquire Clearstone Central Laboratories to boost the company’s capabilities and global reach providing services for clinical trials.

Burlington, N.C.-based LabCorp announced the definitive agreement on Wednesday, though the company did not disclose any financial terms of its proposed acquisition of privately held Clearstone.

The companies expect to close the deal later this quarter.