PathGroup Buys Southeastern Pathology Associates

by | Sep 15, 2019 | Lab Acquisition, PathGroup | 0 comments

SEPA was started as an outpatient pathology laboratory in 1992 by its Medical Director Patrick Godbey, MD and Chief Medical Officer Mark Hanly, MD, who met while in training at the Medical College of Georgia. Over the next 20 years, their practice grew and they started to take on hospital contracts in central and southeast Georgia and northern Florida, and started a clinical laboratory.

SEPA sold its clinical laboratory business to LabCorp in 2013. Since then, SEPA has focused on its hospital contract business and to a lesser extent providing outreach anatomic pathology services to physician office clients. Its larger contracts include laboratory medical directorships at five hospitals
affiliated with Baptist Medical Center (Jacksonville, FL), and two hospitals affiliated with Southeast Georgia Health System (Brunswick, GA). SEPA’s main anatomic pathology lab is located in Brunswick and it has five smaller freestanding AP labs in Georgia, Florida and South Carolina.

Drs. Godbey and Hanly will continue in their current roles at SEPA and will also join a newlyformed Medical Executive Committee at PathGroup.

Pritzker Private Capital (Chicago, IL) took a majority stake in PathGroup in the summer of 2016. The size and pace of PathGroup’s acquisitions now seems to be accelerating, observes Laboratory Economics