December 7, 2004
AMERIPATH, INC. ACQUISITION OF PATHOLOGY ASSOCIATES
IN NEW YORK
FOR IMMEDIATE RELEASE
Contact: David L. Redmond, Executive Vice President & CFO
561-712-6226
dredmond@ameripath.com
Riviera Beach, FL, December
7, 2004 – AmeriPath, Inc., a leading national provider
of cancer diagnostics, genomics, and related information
services, today announced the acquisition of Pathology
Associates, P.C. Pathology Associates, headquartered
in New Rochelle, New York, is one of the largest and
most well respected Dermatopathology practices in the
greater New York metropolitan area. The area serviced
by Pathology Associates is approximately a seventy-five
mile radius around their New Rochelle location capturing
densely populated areas of New York, New Jersey, and
Connecticut.
Don Steen, Chairman and CEO of AmeriPath stated “We
are very pleased that Pathology Associates has joined
AmeriPath. Dr. Halperin and his colleagues have a long
history of providing high quality Dermatopathology services
to their clients in the region. As partners, we believe
that we will be able to provide the additional resources
necessary to expand the physicians’ geographic
coverage and the breadth of Dermatopathology services
they offer.”
Alan Halperin, M.D., Managing Director and founder of
Pathology Associates added “We are excited about
joining AmeriPath and look forward to working with a
leading provider of Dermatopathology services. In addition
to sharing our passion for providing the highest quality
Dermatopathology services to clients and their patients,
AmeriPath values the contributions of their many skilled
board certified Dermatopathologists in teaching within
Dermatopathology, Dermatology, and related fields. These
attributes have also been the pillars of Pathology Associates’ success.”
AmeriPath is a leading national provider of cancer diagnostics,
genomics, and related information services. AmeriPath’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.
Additional information regarding the acquisition will
be provided by AmeriPath on a Form 8-K in accordance
with SEC requirements and can be found on the SEC’s
website at www.sec.gov.
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The above statements include forward-looking statements based on current management expectations. Such statements are sometimes identified by words such as "may," "should," "believe," "expect," "anticipate," "estimate," "project" and similar expressions and may include financial or operating estimates, forecasts or projections. Numerous factors exist which may cause results to differ materially from these expectations. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict and these forward-looking statements are subject to risks and uncertainties relating to the Company, including without limitation (i) possible changes in reimbursement rates under government and third party healthcare programs and the payments received under such programs, (ii) the Company's ability to attract, motivate and retain pathologists and senior management, (iii) risks associated with the Company's acquisition strategies, including without limitation the successful completion and integration of acquisitions (and achievement of planned or expected synergies) and the availability of pathology practices in appropriate locations that the Company is able to acquire on suitable terms or develop, (iv) federal and state healthcare regulation (and compliance), (v) changes in coding, (vi) the highly competitive nature of the healthcare business, and (vii) those risks and uncertainties detailed from time to time in the Company's filings with the SEC. Therefore, the Company's actual results may differ materially. The Company undertakes no obligation to update any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
