American Pathology Partners, Inc. (otherwise referred to as APP or AP2) is a privately held medical laboratory company[1] headquartered in Nashville, Tennessee. The company operates a nationwide network of pathology laboratories focused on local and regional healthcare. APP serves physician offices, hospitals, and surgery centers with sub-specialized anatomic and molecular pathology services including surgical pathology, cytopathology, dermatopathology, hematopathology, urologic pathology, gastrointestinal and liver pathology, renal pathology, and pediatric and perinatal pathology. APP currently operates laboratory facilities in Denver, Colorado; Wilson, North Carolina; and West Palm Beach, Florida doing business as UniPath, Eastern Carolina Pathology, and Palm Beach Pathology in their respective geographies.
| Company type | Private |
|---|---|
| Industry | Healthcare |
| Founded | 2008 |
| Founder | Thanasis Papaioanu, Edward Dooling, Martin Rash |
| Headquarters | |
Key people | Martin Rash (Chairman) Robert Mignatti (COO) |
| Services | Clinical laboratory |
Number of employees | 280+ |
| Website | www.ap2.com |
History edit
APP was founded in 2007 and incorporated in February 2008 by laboratory professionals, Edward Dooling and Thanasis Papaioanu, along with hospital executive, Martin Rash. Edward Dooling was formerly a senior executive with AmeriPath (now part of Quest Diagnostics) and DIANON Systems, Inc., (now part of LabCorp). Thanasis Papaioanu was formerly an investment banker with SunTrust Equitable (now SunTrust Robinson Humphrey) and FTN Financial (part of First Tennessee National Corporation), where he helped launch New York-based laboratory CBLPath, Inc. (now part of Sonic Healthcare). Martin Rash is founder and Chairman/CEO of RegionalCare Hospital Partners; he was formerly founder and Chairman/CEO of publicly traded Province Healthcare Company that was acquired by Lifepoint Hospitals, Inc. (Nasdaq: LPNT) in 2005.
In April 2008, APP secured a $75 million equity commitment[2] from New Enterprise Associates (NEA), a large private equity investment firm based in Menlo Park, California and Baltimore, Maryland.
On December 31, 2008, APP completed the acquisition of UniPath, LLC in Denver, Colorado.[3][4][5][6] APP operates the technical operation while UniPath, P.C., the affiliated 25+ pathologist medical practice, stays independent and continues to be owned and managed by the pathologists.
On March 12, 2009, the firm completed the acquisition of Eastern Carolina Pathology, Inc. in Wilson, North Carolina. APP operates the technical operation while Eastern Carolina Pathology, P.A., the affiliated four-pathologist medical practice, stays independent and continues to be owned and managed by the pathologists.
On January 17, 2011, the firm completed the acquisition of the technical operation of Palm Beach Pathology, P.A. in West Palm Beach, Florida.[7] APP operates the technical operation while Palm Beach Pathology, P.A., the affiliated six-pathologist medical practice, stays independent and continues to be owned and managed by the pathologists.
In 2020, the company was listed in Global Clinical Reference Laboratory Services report as a Top Player on the market.[citation needed]
References edit
- ^ "American Pathology Partners, Inc.: Private Company Information". Bloomberg BusinessWeek. Archived from the original on October 11, 2012.
- ^ "American Pathology Partners Launches with $75 Million in Financing". Washington G2 Reports: Laboratory Industry Report. October 2008. Archived from the original on 2011-10-05.
- ^ "American Pathology Partners Buys UniPath" (PDF). Laboratory Economics. January 2009. Archived from the original (PDF) on 2011-07-07.
- ^ "Denver's UniPath Sells Its Histo Labs to APP" (PDF). The Dark Report. February 2, 2009. Archived from the original (PDF) on 2011-07-07.
- ^ "American Pathology Partners Signals Launch With UniPath Acquisition". Washington G2 Reports: Laboratory Industry Report. February 2009.
- ^ "Pathology Supergroup is Acquired by a New National Pathology Company". Dark Daily (The Dark Report). February 9, 2009.
- ^ "American Pathology Partners Announces Acquisition of Laboratory Assets of Palm Beach Pathology". Dark Daily (The Dark Report). January 19, 2011.