AmeriPath Acquires Texarkana, Texas Pathology Practice; Enhances Southwest Region With Addition to Texas Market.Business Editors/Health & Medical Writers RIVIERA BEACH Riviera Beach (rəvēr`ə), resort city (1990 pop. 27,639), Palm Beach co., SE Fla., on Lake Worth (a lagoon); inc. 1922. Research and development firms are located in the growing city. , Fla.--(BUSINESS WIRE)--May 15, 2000 AmeriPath, Inc. (Nasdaq:PATH), the largest physician and laboratory company focused on providing anatomic pathology diagnostic and healthcare information services See Information Systems. , today announced the acquisition of Chappell-Joyce Pathology Association, a full-service hospital-based pathology practice located in Texarkana, Texas Texarkana, Texas is a municipal designation in Bowie County, Texas, United States which forms the western half of Texarkana. It is separated from Texarkana, Arkansas, by State Line Avenue. . Terms of the acquisition were not disclosed. Chappell-Joyce Pathology Association and its three physicians have maintained an excellent reputation in the Texarkana area for over 50 years. The practice has solid, long-standing relationships with and provides pathology services for six hospitals (over 500 beds in the aggregate) throughout Texas, Arkansas, and Oklahoma. They also service four surgery centers and a reference laboratory. "The addition of Chappell-Joyce Pathology Association and its pathologists further complements AmeriPath's presence in eastern Texas and presents synergistic opportunities with our other practices in the Dallas/Ft. Worth area for the integration and consolidation of marketing activities." commented James C. New, AmeriPath's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . He added, "Chappell-Joyce Pathology Association is one of the few anatomic pathology practices to operate the AutoCyte (thin-layer Pap smear Pap smear or Papanicolaou smear Sample of cells from the vagina and cervix of the uterus for laboratory staining and examination to detect genital herpes and early-stage cancer, especially of the cervix. Developed by the Greek-born U.S. preparation) and AutoPap (automated screening of Pap smears) systems in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem , and is the first practice to utilize the AutoPap system in the region. These activities greatly enhance AmeriPath's women's health initiatives Women's Health Initiative A 15-yr, $628 million project involving 1. An observational study of the health habits and medical Hx of ±100,000 ♀ 2. . The addition of this practice will provide greater leverage with regional managed care organizations and is of strategic significance to the development of our Texas regional business model." AmeriPath, Inc. is the nation's largest physician and laboratory company focused on providing anatomic pathology diagnostic and healthcare information services to physicians, hospitals, national clinical laboratories and managed care organizations. The company presently operates in 13 states and employs 305 physicians that provide medical services through outpatient pathology laboratories, hospital inpatient laboratories and outpatient surgery Outpatient Surgery, also referred to as ambulatory surgery or same-day surgery, is surgery that does not require an overnight hospital stay. The term “outpatient” arises from the fact that surgery patients may go home do not need an overnight hospital centers. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc demand, pricing, government regulation, payments and reimbursements, dependence upon contracts and pathologists, acquisitions, integration of acquired practices, the market for pathology services, competition, technology and other factors identified in AmeriPath's filings with the Securities and Exchange Commission. Editor's Note: This release is also available at http://www.ameripath.com. |
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