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Subjects: Contract/Agreement, Product/Service, Merger/Acquisition

Synergy Laboratories Acquires Pathology Laboratory Associates to Broaden Its Medical Testing Expertise


Synergy Laboratories (Synergy) announced today that it has acquired Mobile, Alabama-based Pathology Laboratory Associates (PLA) for an undisclosed price. The combination of PLA's expertise in pathology and Synergy's recognized leadership in the field of medical testing will enhance the care delivered to patients throughout the Southeast.

"Synergy will augment the excellent laboratory services PLA is already delivering by leveraging our cutting-edge testing and information services technology to provide quicker turnaround times and further reduce the chance for human error," said Brad Pitts, Synergy's Chief Executive Officer.

Dr. Michel H. Shain, PLA's President and the Director of the Clinical Laboratory at Springhill Medical Center in Mobile, said the possibilities for enhancing patient care made this a compelling transaction for both companies. She said, "We are all enthusiastic about joining the Synergy family. Our expertise and specialization in pathology complements the broad range of services Synergy is already offering, and will advance our shared goal of delivering the best possible outcomes for each patient."

PLA's Vice-President, Dr. Kimberley V. Patterson, sees the combined organizations growing into a regional provider with an emphasis on women's health. She explained, "We are excited about the opportunities to expand our capability to serve physicians and their patients with comprehensive out-patient laboratory and pathology services. We are especially interested in expanding our services related to women's health to provide an Alabama-based source for quality, affordable laboratory services."

Synergy's Chief Operating Officer, Brandon Biles, said PLA will remain headquartered in its current location on the Springhill Medical Center campus and plans are already underway to expand staffing. He said, "As we build out our capabilities to provide a broad range of pathological testing services, we expect to add additional physicians specializing in dermatological pathology and gastrointestinal pathology."

About Synergy Laboratories
Synergy Laboratories, based in Mobile, Alabama, provides comprehensive lab services throughout the Southeast by combining state-of-the-art diagnostic testing with a commitment to superior patient-care. As a?CLIA, COLA licensed full-service laboratory, Synergy specializes?in Clinical, Infectious Disease, Women's Health, Toxicology, Molecular and Genetic testing.?A strong commitment to reducing the human and economic costs of healthcare has allowed Synergy Labs to expand its network of healthcare providers and payers.? Synergy's?mission is to ethically serve the healthcare sector while?striving to improve patient care by delivering?quality service and accurate results.



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