MedLab Extends Long Term Care Division Auction Date and Announces Active Negotiations with American Health Associates, Inc.

CINCINNATI--()--Laboratory Partners, Inc. (the “Company” or “MedLab”), a provider of clinical laboratory and anatomic pathology services in eight states and the District of Columbia and a debtor-in-possession under Chapter 11 of the United States Bankruptcy Code, announced today that it is in active negotiations with American Health Associates, Inc. (“AHA”) and MedLab’s senior secured lenders regarding the potential sale of its long term care division as a going concern. MedLab also announced that it has extended the bid and auction deadlines applicable to its long term care division until December 19, 2013 or such later date as MedLab determines appropriate. MedLab expects to continue to serve its customers without interruption during the sale process.

ABOUT MedLab

MedLab operates premier clinical laboratories serving clients in Ohio, Illinois, Indiana, Missouri, Michigan, Kentucky, Virginia, Maryland and Washington, D.C. MedLab’s main laboratories are CAP and CLIA accredited to ensure quality, accurate service in a timely manner. MedLab’s network has 12 testing laboratories and over 500 phlebotomists and the Company performs more than 6,000,000 tests annually. For more information about the Company visit www.theMedLab.com.

ABOUT AHA

American Health Associates, Inc. is a fully licensed and insured clinical reference laboratory founded in 1990. AHA’s corporate headquarters and main testing facility is located in the Ft. Lauderdale area with additional locations throughout the southeastern United States. Its current client base is made up of physicians, hospitals, drug rehabilitation centers, home health agencies, community health clinics, skilled nursing homes and assisted-living facilities. AHA also performs clinical trials for FDA approval of medications.

Contacts

Development Specialists, Inc.
Steve Victor, 312-263-4141

Release Summary

MedLab extends Long Term Care Division Auction Date and Announces Active Negotiations with American Health Associates

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Contacts

Development Specialists, Inc.
Steve Victor, 312-263-4141