American Esoteric Laboratories Announces Extended Agreement With Baptist Memorial Health Care Corporation
Nashville, TN - American Esoteric Laboratories, Inc. (AEL), a full-service provider of esoteric and clinical reference laboratory services, today announced it has executed a long-term extension of its current laboratory services agreement with Baptist Memorial Health Care Corporation (BMHCC), located in Memphis, TN. Full terms of the agreement were not disclosed.
The current agreement between AEL and BMHCC was set to expire in September 2007. As part of the extended agreement, AEL will remain the exclusive reference laboratory for BMHCC and its affiliates through September 2011.
BMHCC is consistently ranked among the top hospitals and health systems in the nation, and has been a not-for-profit organization since 1912. The BMHCC network is comprised of 2,900 physicians with expertise in 37 specialties, and includes 14 hospitals in Tennessee and Mississippi.
"The announcement of this extended agreement with BMHCC combined with the recent announcement of our acquisition of DRL Labs in Tyler, TX, gives us tremendous confidence in the strength of our regional laboratories," stated Brian C. Carr, AEL chairman and chief executive officer. "Our continued ability to respond to customer requests for high quality reference testing and critical technology solutions indicates we are well positioned for the future."
"This important contract extension is excellent news for our customers, employees, and Memphis in general. BMHCC is an exceptional organization that has delivered on its commitment of ensuring high quality patient care throughout the communities they serve," stated John Mazzei, vice president and general manager for AEL-Memphis.
"We are excited to be able to continue our relationship with AEL," stated Don Pounds, senior vice president and chief financial officer for BMHCC. "This mutual renewal of our commitment allows our patients and facilities to continue receiving the same reliable service through a trusted partner."
SOURCE: American Esoteric Laboratories, Inc.