Aurora Diagnostics Announces Agreement to Acquire Hallmark Pathology, P.C.
(Palm Beach Gardens, Florida) June 26, 2014 ― Aurora Diagnostics announced today that it has entered into an agreement to acquire Hallmark Pathology, P.C. headquartered in Medford, MA. Hallmark is a provider of anatomic pathology services for two community hospitals in the greater Boston area. Terms of the transaction were not disclosed.
Hallmark pathologists have a legacy of providing high quality, best practice pathology services in both the inpatient and outpatient setting. Their sub-specialized, credentialed Pathologists are accustomed to meeting the needs of the diversity of patients in the community hospital setting.
“Hallmark and Aurora Diagnostics believe strongly in the importance of medicine being community based where there are earned relationships with local healthcare providers,” said Dr. Dean Pappas, Director of Hallmark. “Our partnership with Aurora Diagnostics will provide Hallmark with supporting resources and new technologies to advance the healthcare of patients in our community. We are excited to be a part of a national network of great Pathologists while preserving our ability to focus on the needs of our local patients and hospitals”
“Hallmark is a strategic complement to Aurora’s labs in Massachusetts and New Hampshire and builds on the Company’s significant hospital-based business,” said Daniel D. Crowley, Chief Executive Officer of Aurora Diagnostics. “Hallmark’s reputation for high quality service is congruent with the philosophy of Aurora’s existing labs. We welcome Hallmark Pathologists and employees to the growing Aurora Diagnostics family. As the nation’s leading operator of high quality regional pathology labs, we are a natural fit for local pathology practices that want a corporate home in this time of industry consolidation. Our strategy is to pursue synergistic and accretive transactions, and we believe there is a robust pipeline of such opportunities.”
About Aurora Diagnostics
Aurora Diagnostics is a specialized laboratory company focused on anatomic pathology at 19 locations within the United States. Employing over 110 licensed physicians, Aurora Diagnostics provides high-quality diagnostics and testing information for the patients of its primary referral sources—dermatologists, OB/GYN professionals, gastroenterologists, urologists, general surgeons, oncologists, and over 50 community-based hospitals. For additional information regarding Aurora Diagnostics and the services it provides, please visit the company website at www.auroradx.com.
About Hallmark Pathology, P.C.
Hallmark Pathology is a provider of anatomic pathology services for two community hospitals in the greater Boston area.
Forward Looking Statements
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, some of which are not within the control of the Company. Aurora reports information that may be significant for investors in its filings with the Securities and Exchange Commission (SEC), and Aurora encourages investors to consult those filings.