PathGroup (Brentwood, TN) acquired Pathology Consultants Inc. (PCI-Greenville, SC) for an undisclosed sum in January. PCI operates a CAP-accredited pathology lab in Greenville, South Carolina. It has approximately 100 employees, including 31 pathologists.
PCI’s biggest client is Prisma Health System of South Carolina (Greenville, SC). Prisma Health is the largest health system in South Carolina, formed by the merger of Palmetto Health and the Greenville Health System in November 2017. Prisma Health includes 18 hospitals and 270 physician practices. Its largest hospitals are Greenville Memorial Hospital (746 beds) and Richland Hospital (641 beds).
Pathology Consultants was founded by Arthur Dreskin, MD, and Don Kilgore, MD, in 1959. The group is currently led by David Schammel, MD, President and Medical Director, and Jesse Stafford, MD, who is Chief Clinical Officer for Laboratory Services at Prisma Health.
Ben Davis, MD, Chief Executive at PathGroup, says the PCI lab in Greenville will remain fully operational and that Drs. Schammel and Stafford will continue in their respective leadership roles at PCI.
The acquisition of PCI represents PathGroup’s sixth deal since Pritzker Private Capital (Chicago,IL) took a majority stake in the company in the summer of 2016.
PathGroup now has more than 2,600 employees, including more than 225 pathologists, serving 100+ hospital contracts and thousands of physician clients. Annual revenue is now estimated to be more than $500 million.