March 2, 1999
AMERIPATH, INC. ANNOUNCES APPOINTMENTS OF CHAIRMAN
OF THE BOARD AND MEDICAL DIRECTOR
Riviera Beach, FL, March 2, 1999 - AmeriPath, Inc. (Nasdaq:
PATH), an integrated physician group practice focused
on anatomic pathology services, today announced the Board
of Directors has appointed James C. New as Chairman.
The Chair had been held previously by Thomas S. Roberts,
General Partner with Summit Partners in Boston, MA.
James C. New is the President and Chief Executive Officer
of AmeriPath and has been a director of AmeriPath since
January 1996. Prior to joining AmeriPath, Mr. New served
as President and Chief Executive Officer, and as a director
of RehabClinics, Inc., one of the largest outpatient
rehabilitation companies in the country, which he founded
in 1991. RehabClinics completed its initial public offering
in June 1992 and merged with NovaCare, Inc. in February
1994. Mr. New was President of NovaCare, Inc.'s Outpatient
Division from 1994 to 1995. Prior to founding RehabClinics,
Inc., he served as President of Greater Atlantic Health
Service and Physicians Choice of Southeastern Pennsylvania,
both HMOs. From 1993 through 1996, Mr. New was the Chairman
of the Acquisition Committee and member of the Board
of Directors of Pet Practice, Inc. From 1978 to 1985,
Mr. New served in various executive positions at Textron,
Inc. and Emerson Electric, Inc.
The Board has also accepted the appointment of Dennis
M. Smith, Jr., M.D. as Senior Vice President and Medical
Director of AmeriPath. He also functions as the Managing
Director of its Florida Region. Dr. Smith holds the position
of Director of Laboratories at Columbia Memorial Hospital
in Jacksonville. Currently, Dr. Smith chairs the Board
of Trustees of the National Blood Foundation and sits
on the Board of Directors of the National Blood Data
Resource Center, the Florida-Georgia Blood Alliance,
and Immucor, Inc. He is a member of Vanderbilt University's
School of Engineering's Committee of Visitors and of
the Pan American Health Organization's Advisory Committee
on International Blood Bank Standards. Dr. Smith was
previously President of the American Association of Blood
Banks and Director and Executive Head of the American
Red Cross Blood Services, Nashville Region.
AmeriPath, Inc. 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. The Company
presently operates in ten states and employs 226 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 reimbursement, changes on reimbursement
coding guidelines, dependence upon contracts and pathologists,
acquisitions, integration of acquired practices, the
market for pathology services, competition, and other
factors identified in AmeriPath's filings with the Securities
and Exchange Commission.
