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(7/10/2007) Aurora Diagnostics Reports Strong First Year Results
According to James C. New, Aurora’s Chairman and CEO, the company has grown rapidly and profitably during the last 12 months. Aurora’s current net revenue is $60 million on an annualized run rate basis, and is expected to approach $100 million by the end of 2007. Since its founding, the company has made eight separate acquisitions, developing a presence in Florida, Michigan, Alabama, Georgia, New York and New England. It currently has a full pipeline of acquisition candidates, including practices in Florida, Alabama, Texas, Oklahoma, California, New York, Maryland, Massachusetts, Georgia, North Carolina, South Carolina, and Ohio. Aurora and its network of pathologists and laboratory personnel understand the importance of accurate and timely diagnostic information and the increasingly complex services demanded by physicians and patients. With expertise in providing superior diagnostics services and a continued focus on our physician-clients and their patients, Aurora delivers services and information that provide unparalleled value. "We have partnered with a number of high-quality laboratories,” said New. “Aurora has developed outstanding services and products to support our field laboratories, and we are well on our way to building the premier diagnostic service business in the country. With only two major companies dominating the laboratory industry today, there clearly exists a need for an alternative provider of high quality diagnostic services. Aurora Diagnostics intends to become that alternative.” New added that Aurora has built a strong management team during its first year, and hired a number of seasoned professionals for all critical functional areas. The management team today includes:
About Aurora Diagnostics Aurora Diagnostics provides liquidity, financial upside, administrative resources, and accelerated growth opportunities to laboratory owners while allowing them to maintain their entrepreneurial approach and operational independence. The company also provides a bundle of services such as sales and marketing, information and medical technology, accounting and tax, risk management, managed care contracting and follow-on acquisitions to help laboratory owners perform their core business more efficiently and effectively. Visit www.auroradx.com for more information. #####
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Aurora Diagnostics - Corporate Headquarters
11025 RCA Center Drive, Suite 300, Palm Beach Gardens, FL 33410 USA
p. 866.420.5512 or 561.626.5512

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