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|PAML and Saint Joseph Health System Form New Laboratory Joint Venture Partnership|
|Lexington, Kentucky (MARCH 1, 2011) – Pathology Associates Medical Laboratories (PAML) today announced its intention to enter into a joint venture agreement with Saint Joseph Health System to enhance laboratory outreach services for physicians in Kentucky and the patients they serve.
The joint venture will operate under the name of Kentucky Laboratory Services (KLS). This new LLC combines the high-quality laboratory testing capabilities of three of the seven community-based Saint Joseph Health System hospitals (Saint Joseph Hospital, Saint Joseph Hospital-East and Saint Joseph-Jessimine) in Kentucky with the esoteric testing capabilities and nationally-renowned laboratory outreach services offered by PAML.
The rapid turnaround times delivered by each of the Saint Joseph Health System’s hospital-based laboratories, and the advanced physician connectivity, logistics and client support services for which PAML is known, will improve the level of testing services available to physicians in Kentucky. These combined healthcare services will result in better choices for local physicians. As an added benefit, approximately 90 percent of the testing completed by Kentucky Laboratory Services will be performed in Kentucky. This maintains jobs and the provision of healthcare services within the state.
“We are delighted to be partnering with Saint Joseph Health System,” said Dr. Tom Tiffany, PAML’s CEO/President. “This new company is the next step forward in a healthcare partnership that combines the complementary expertise and capabilities of PAML and Saint Joseph to accelerate the development of quality laboratory services.”
“This joint venture enhances our capabilities to provide more affordable access to basic health care closer to home for more Kentuckians,” said Mark Streety, Chief Innovations Officer of Saint Joseph Health System. “Through this joint venture with PAML, we gain an experienced and respected management team and an ambitious growth plan to build our outreach laboratory services.”
PAML, a full-service medical reference laboratory located in Spokane, WA, is owned by two of the nation’s largest healthcare systems – Providence Health & Services (PH&S) and Catholic Health Initiatives (CHI). One of the top reference laboratories in the country, PAML is also considered an industry leader in joint venture partnerships with community-based hospitals because of their expertise in developing cutting-edge laboratory management systems, including state-of-the-art automation, and support services. PAML is a co-founder of PACLAB Network Laboratories, which provides laboratory services throughout Seattle and western Washington, and is a partner in several other hospital-based laboratory joint ventures, including Alpha Laboratories (ALPHA) serving northern Idaho; Tri-Cities Laboratory (TCL) serving central Washington; Treasure Valley Laboratory (TVL) serving southern Idaho and northeastern Oregon; MountainStar Clinical Laboratories (MSCL) serving Utah; Colorado Laboratory Services (CLS) serving Colorado and California Laboratory Associates (CLA) serving the southern half of California. For more information, visit the PAML website at www.paml.com.
About Saint Joseph Health System
Saint Joseph Health System is a 1,012-bed, eight-facility health care system that spans central and eastern Kentucky. Saint Joseph Health System (serving their communities for more than 130 years) is a member of Catholic Health Initiatives, the nation’s second-largest Catholic health care system. Visit www.SaintJosephHealthSystem.org for further information.
About Providence Health & Services
Providence Health & Services is a not-for-profit health system committed to providing a comprehensive array of services to meet the needs of communities across five states, including Alaska, Washington, Montana, Oregon and California. Providence continues the legacy of the Sisters of Providence and the Sisters of the Little Company of Mary in the West spanning more than 150 years. Providence Health & Services includes 27 hospitals, more than 35 non-acute facilities, physician clinics, a health plan, a liberal arts university, a high school, approximately 49,000 employees and numerous other health, housing and educational services. The system office is located in Renton, Washington. For information, visit the Providence Health & Services website at www.providence.org.
About Catholic Health Initiatives
Catholic Health Initiatives (CHI) is a national nonprofit health organization with headquarters in Denver, Colorado The faith-based system operates in 19 states and includes 73 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health-services organizations; and home health agencies. With annual revenues of approximately $9 billion, CHI is the nation's second largest Catholic health care system. For more information, visit the CHI website at www.catholichealthinitiatives.org.