May 7, 1998
AMERIPATH ENTERS WISCONSIN MARKET
Riviera Beach, Florida - May 7, 1998 - AmeriPath, Inc.
(Nasdaq: PATH), a physician practice management company
focused on anatomic pathology services, announced today
that it has entered into a long-term management agreement
with a hospital-based pathology practice, Consultant
Physicians in Pathology (CPIP) located in Beaver Dam,
Wisconsin.
CPIP is a leading provider of anatomic pathology services
in south central Wisconsin that employs five pathologists
who provide diagnostic services to six hospitals and
one outpatient lab. This arrangement is the Company's
first entry into the Wisconsin market.
Jim New, President and Chief Executive Officer of AmeriPath
stated, "This agreement illustrates our committed expansion
efforts in the Midwest region. By entering the Wisconsin
market, this assists us securing regional managed care
contracts. We feel that CPIP's pathology services will
augment AmeriPath's existing practices in the Midwest."
AmeriPath, Inc. believes it is the nation's leading
physician practice management company focused on providing
anatomic pathology services to physicians, hospitals,
national clinical laboratories and managed care organizations.
AmeriPath presently operates 19 physician practices in
nine states, employs more than 150 pathologists who provide
medical services through outpatient pathology laboratories,
hospital inpatient laboratories and outpatient surgery
centers.
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This release contains certain forward-looking statements
regarding AmeriPath, including its operations and prospects.
Past performance is not necessarily indicative of future
results. In addition, AmeriPath's actual results could
differ materially from the results anticipated in these
forward-looking statements as a result of uncertainties,
including risks relating to demand, pricing, government
regulation, payments and reimbursements, dependence upon
contacts and pathologists, the market for pathology services,
competition, and other factors identified in AmeriPath's
filings with the Securities and Exchange Commission.
