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Article Excerpt
PALM BEACH GARDENS, Fla. -- AmeriPath, Inc. ("AmeriPath" or the "Company"), a leading provider of physician based anatomic pathology, dermatopathology, molecular diagnostic services, and other esoteric services, reported its financial results for the first quarter ended March 31, 2007.
On April 15, 2007, AmeriPath's ultimate parent, Group Holdings, Inc., a Delaware corporation, signed a definitive agreement to be acquired by Quest Diagnostics Incorporated, a Delaware corporation, in an all cash transaction valued at approximately $2 billion, including approximately $770 million in anticipated debt at closing. The consummation of the merger is subject to various conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The Company expects the transaction to be completed during the second quarter of 2007.
Net revenues for the first quarter of 2007 increased 17.5% to $200.7 million from $170.9 million in the first quarter of 2006. Net revenues and results of operations include the results of Specialty Laboratories, Inc., ("Specialty"), a...
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