PAML Joint Venture News from The Dark Report Intelligence

A well-structured laboratory joint venture helps the hospital partner tap the unrealized value of its laboratory

November 2, 2007
PAML and HCA Agree to Start New Lab Joint Venture in Utah
WHEN THE NEW LABORATORY JOINT VENTURE between MountainStar Healthcare Network of Salt Lake City, Utah, and Pathology Associates Medical Laboratories (PAML) of Spokane, Washington, was announced on November 1, most people were not aware of an important fact. MountainStar Healthcare Network is owned by Hospital Corporation of America (HCA), of Brentwood, Tennessee. That brings the nation’s largest for-profit hospital corporation directly into the laboratory outreach business.
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December 10, 2007
NEWSMAKER INTERVIEW: How PAML Built a Major Business In Laboratory Joint Ventures with Hospitals
CEO SUMMARY: Earlier this month, MountainStar Healthcare Network of Salt Lake City, Utah, and Pathology Associates Medical Laboratories (PAML) of Spokane, Washington, announced a new laboratory joint venture, called MountainStar Clinical Laboratories, LLC. Two things are notable about this development. First, because MountainStar Healthcare Network is owned by Hospital Corporation of America (HCA), it represents a significant step by that for-profit hospital company to further expand its laboratory outreach programs. Second, with this agreement, PAML extends its track record as a joint venture partner in multiple laboratory outreach programs. In fact, not in two decades has the lab industry seen an independent laboratory company become a “serial joint venture partner” with so many different hospitals and health systems. In this exclusive interview with PAML CEO Thomas Tiffany, Ph.D., and Chief Marketing Officer Noel Maring, TDR Editor Robert L. Michel investigates the reasons behind PAML’s success in creating lab joint ventures.
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October 28, 2009 From DarkDaily.com
PAML Has New Owner as Catholic Health Initiatives Buys a Stake
Yesterday it was announced that Pathology Associates Medical Laboratories (PAML) of Spokane, Washington, has a new equity partner. In a joint release, Catholic Health Initiatives (CHI) and Providence Health & Services acknowledged a “definitive agreement in which CHI will assume a 25% equity position” in PAML.

This is a significant development in the laboratory testing industry. It provides PAML with easier access to the capital it needs to sustain ongoing growth. The new agreement also positions PAML as a preferred partner to develop laboratory outreach joint ventures with hospitals owned by CHI, which is the second largest catholic-owned health system in the United States.
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