Navigation Links
PLUS Diagnostics Opens West Coast Laboratory to Support Increased Demand for Anatomic Pathology Services
Date:4/23/2009

Company Continues National Expansion with Plans to Triple Overall Lab Capacity; Builds Foundation to Enter Hematology/Oncology Market

LAKEWOOD, N.J., April 23 /PRNewswire/ -- PLUS Diagnostics, a leading anatomic pathology company, announced today that it is continuing its national expansion with the opening of a West Coast laboratory in Orange County, California. The company also announced plans to move into a new laboratory in Union, New Jersey to triple its overall lab capacity. It will offer specialized diagnostic testing and consultative services for the gastroenterology and urology markets from its new facilities, with plans to expand into the hematology/oncology specialties later this year.

The new laboratories are PLUS Diagnostics' latest investments to support rising demand for its anatomic pathology services. Since partnering with Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care, PLUS Diagnostics has achieved record sales, earnings and year-over-year revenue growth of more than 100 percent. Over the past year, it has made multi-million dollar investments to enhance its operations, expand its team of pathologists and introduce customized services for its growing base of customers.

"Our new laboratories are the next important step in our strategic plan to become the nation's leading multi-specialty anatomic pathology laboratory," said Doug Berg, chief executive officer, PLUS Diagnostics. "We have designed state-of-the-art, bi-coastal laboratories that will provide our customers with the highest levels of quality, information technology, science and market-leading service for a full range of important and rapidly growing areas of specialties."

Together, PLUS Diagnostics' new laboratories will provide services from more than 25 pathologists, as well as lab technicians and support staff who will process and analyze specimens on behalf of doctors, specialists and hospitals across the country. The company's laboratory in Orange County, CA is open for service immediately. It plans to move into its new laboratory in Union, NJ in August 2009.

"There is a tremendous need for customized anatomic pathology and additional diagnostic services in the specialty medical community," said Berg. "We are excited about the opportunity to expand our lab capabilities into the West Coast and establish our foundation for offering personalized hematology/oncology services. Our goal is to be the nation's premier multi-specialty anatomic pathology lab that offers superior diagnostic services uniquely tailored to the needs of doctors and hospitals across an array of specialties."

About PLUS Diagnostics

PLUS Diagnostics is a leading national pathology company that provides a full range of multi-specialty services, including extensive diagnostic procedures and specialist consultations. Accredited by the College of American Pathologists, PLUS Diagnostics has long been recognized for exceptional service and quality. The company currently focuses on a broad base of specialty pathology services, including urology, gastroenterology and hematopathology. For more information, visit, www.plusdx.com.

About Water Street Healthcare Partners

Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world's leading health care companies on its investments including: Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.


'/>"/>
SOURCE PLUS Diagnostics
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Quest Diagnostics to Speak at the Bear Stearns Healthcare Conference
2. Pathway Diagnostics Announces Commercial Availability of SensiTrop(TM) HIV Co-receptor Tropism Assay
3. Hypertension Diagnostics Announces Fiscal Year 2007 Results
4. Foundation Venture Capital Group, LLC Invests in Start Up Committed to Breast Cancer Diagnostics
5. Meretek Diagnostics and Otsuka America Pharmaceutical, Inc. Announce Completion of Merger
6. Siemens Medical Solutions Diagnostics Announces the Release of the Rapidlab 1200 Series Version 2.0 Software
7. Virginia G. Piper Charitable Trust and Flinn Foundation launch molecular diagnostics initiative
8. HealthShares(TM) Announces Changes to the HealthShares(TM) Diagnostics and Composite Indexes
9. Optherion Licenses Worldwide Rights to Develop Age-Related Macular Degeneration Diagnostics Based on Chromosome 10 Genetic Variations
10. Quest Diagnostics Reports Third Quarter Results
11. ICx Technologies and Siemens Medical Solutions Diagnostics Enter In Vitro Diagnostics Development and License Option Agreement
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2017)... ... April 27, 2017 , ... Healthcare companies are trying to ... rapidly reject an outdated healthcare executive resume. , “If you’re a healthcare executive open ... resume and wondering if it’s as ready as you are for a new job ...
(Date:4/27/2017)... (PRWEB) , ... April 27, 2017 , ... ... named the 2017 North American CAREGiverSM of the Year for her extraordinary compassion ... one of its 60,000 North American professional caregivers for the prestigious award each ...
(Date:4/27/2017)... ... 27, 2017 , ... Offering the purest product of its kind, Swissx Labs ... more potent than the market has seen before. Swissx uses proprietary strains of hemp ... patented chromatography process for extraction, to produce its CBD oil--maximizing its benefits for health ...
(Date:4/26/2017)... ... April 26, 2017 , ... Jump Technologies, Inc., ... announced it has completed a round of funding to accelerate its growth strategies. ... Black Granite Capital is a growth equity firm focused on investments in healthcare ...
(Date:4/26/2017)... , ... April 26, 2017 ... ... is thrilled to announce the ATA 2017 President’s Awards recipients, comprised of ... demonstrated superior healthcare delivery. , The ATA 2017 President’s Awards recognize ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... April 20, 2017  Zimmer Biomet Holdings, Inc. (NYSE ... today announced that it will be participating in the ... the InterContinental Hotel in Boston, Massachusetts ... present at 11:20 a.m. Eastern Time. A ... Zimmer Biomet,s Investor Relations website at http://investor.zimmerbiomet.com .  ...
(Date:4/20/2017)... 2017   ZappRx, Inc ., a digital health company ... today announced it closed $25 million in Series B funding ... based in Seattle that is part ... The Series B round included participation from SR One ... GV (formerly Google Ventures). As part of the ...
(Date:4/20/2017)... 20, 2017 Research and Markets has ... Manufacturing Services Market Analysis By Service (Manufacturing, Research), By Country, ... - 2025" report to their offering. ... The Latin American pharmaceutical contract manufacturing ... 2025 Low drug registration cost in Latin American ...
Breaking Medicine Technology: