August 8, 2001
AmeriPath, Inc. Announces Appointment of Haywood D. Cochrane, Jr. to Board of
Directors
FOR IMMEDIATE RELEASE
Contact:
Gregory A. Marsh
Vice President & CFO
Ameripath, Inc.
561-712-6211
Michelle D. Getty
Investor Relations
AmeriPath, Inc.
561-712-6260
E-mail: invrel@ameripath.com
Riviera Beach, FL, August 8, 2001 - AmeriPath, Inc.
(Nasdaq:PATH), the largest physician and laboratory company
focused on providing anatomic pathology, cancer diagnostic,
genomics, and healthcare information services, today
announced the appointment of Haywood D. Cochrane, Jr.
to its Board of Directors, expanding the size of the
Board of Directors from six to seven.
Mr. Cochrane serves as the Chief Executive Officer
of CHD Meridian Corporate Healthcare ("CHD Meridian")
in Nashville, Tennessee, and has since February 1997. Prior
to joining CHD Meridian, Mr. Cochrane served as a consultant
to Laboratory Corporation of America Holdings ("LabCorp"). From
April 1995 to November 1996 he was Executive Vice President,
Chief Financial Officer and Treasurer of LabCorp. Mr.
Cochrane was an employee of National Health Laboratories,
Inc. ("NHL") from June 1994 to April 1995, following
NHL's acquisition of his former employer, Allied Clinical
Laboratories, Inc. ("Allied). Mr. Cochrane was
President and Chief Executive Officer of Allied from
its formation in 1989 until its acquisition by NHL in
June 1994. Mr. Cochrane is currently a director
at JDN Realty, Inc. and Sonus Corp., and TriPath Imaging,
Inc., all publicly traded companies, as well as CHD Meridian. Mr.
Cochrane received a B.A. in political science from the
University of North Carolina at Chapel Hill.
"We are excited to have Mr. Cochrane serve on AmeriPath's
Board of Directors," said James C. New, Chairman and
Chief Executive Officer. "He will bring a fresh
perspective and a breadth of experience to the Company."
The Board of Directors is divided into three classes;
each with staggered three-year terms, and Mr. Cochrane
will be in the class whose term expires at the 2002 annual
meeting of stockholders (Class II).
AmeriPath is a leading national
provider of cancer diagnostics, genomic, and related
information services. In
the first six months of 2001, AmeriPath diagnosed 1.9
million tissue biopsies, and interpreted 1.1 million
Pap smears. The Company's extensive diagnostics
infrastructure includes 427 pathologists and doctorate-level
scientists providing services to 42 independent pathology
laboratories, 237 hospitals, the Center for Advanced
Diagnostics (CAD), and Dermpath Diagnostics. CAD
provides specialized diagnostic testing and information
services including Fluorescence In-Situ Hybridization
(FISH), Flow Cytometry, DNA Analysis, Polymerase Chain
Reaction (PCR), Molecular Genetics, Cytogenetics, and
HPV Typing. Dermpath Diagnostics, with 68 dermatopathologists,
is the country's leading provider of dermatopathology
services in the growing skin diagnostic testing market. Additionally,
AmeriPath provides clinical trial and research and development
support to firms involved in developing new cancer and
genomic diagnostic and therapeutics.
