October 2, 2002
AMERIPATH ANNOUNCES STRATEGIC ALLIANCE WITH gMED
Riviera Beach, FL, October 2, 2002 - AmeriPath, Inc. (NASDAQ:
PATH), a leading national provider of cancer diagnostics, genomic
and related information services, today announced that it has formalized
a strategic alliance with gMed. Through this agreement, gMed will
automate traditional pathology sample and result delivery through
secure electronic transactions. AmeriPath in turn will promote
gCare™ nationwide on a non-exclusive basis throughout its
national sales network. AmeriPath and gMed will also work together
in several research and development projects designed to provide
best-practice information and simplify communications at the point
of care.
AmeriPath Vice President of Sales, Marketing and Contracting,
Bruce Walton, stated, “gMed’s experience and expertise
in gastrointestinal electronic medical record and procedure reporting
in concert with AmeriPath’s unparalleled excellence in gastrointestinal
pathology will ensure our continued success in meeting the needs
of our referring physicians.”
“We are looking forward to working closely with AmeriPath.” said
Joe Rubinsztain, M.D., CEO of gMed. “They bring innovative
ideas, a genuine desire to benefit the client, and an extensive
client-base and sales network.”
AmeriPath is a leading national provider of cancer diagnostics,
genomics, and related information services. The Company’s
extensive diagnostics infrastructure includes the Center for Advanced
Diagnostics (CAD), a division of AmeriPath. 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. Additionally, AmeriPath provides clinical trial and research
development support to firms involved in developing new cancer
and genomic diagnostics and therapeutics.
gCare™ is an advanced electronic medical record and procedure
reporting application designed for medical specialties. Incorporating
the latest Internet technology, gCare combines specialty-specific
knowledge with extensive automation to decrease the cost of operation
and enhance the level of care and documentation. Based in Weston,
Florida, gMed was founded in June 1997 to "enhance well-being
in a cost-effective way”. gMed aims to become the de facto
standard in specialty based electronic medical records by providing
a seamless path to the paperless medical chart. Further information
can be obtained at the corporate web site (www.gmedcorp.com) or
through E-mail from sales@gmedcorp.com
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The statements contained in this press release include "forward-looking
statements'' within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements - which are sometimes
identified by words such as "may", "should", "believe'', "expect'', "anticipate'', "estimate" and
similar expressions and which include any financial or operating
estimates, forecasts or projections - are subject to a number of
risks and uncertainties, many of which involve factors or circumstances
that are beyond the Company's control. These risks and uncertainties
could cause actual results to differ materially from results anticipated
by forward-looking statements. These risks and uncertainties include:
the extent of success of the Company's operating initiatives and
growth strategies; ability to manage growth; access to capital
on satisfactory terms; general economic conditions; terrorism or
an escalation of hostilities or war; competition and changes in
competitive factors; federal and state healthcare regulation (and
compliance); reimbursement rates under government and third party
healthcare programs and the payments received under such programs;
changes in coding; changes in technology; dependence upon pathologists
and customer contracts; the ability to attract, motivate, and retain
pathologists; labor, technology and insurance costs; professional
liability claims; marketing and promotional efforts; the availability
of pathology practices in appropriate locations that the Company
is able to acquire on suitable terms or develop; and the successful
completion and integration of acquisitions (and achievement of
planned or expected synergies). The forward-looking statements
in this press release are made as of the date hereof based on management's
current beliefs and expectations, and the Company undertakes no
obligation to update or revise any such statements. Further information
regarding risks, uncertainties and other factors that could affect
the Company's financial or operating results or that could cause
actual results to differ materially from those expected, estimated
or anticipated are included in the Company's reports filed with
the SEC.
