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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 behal
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