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Laboratory Industry Report

Debt Load and Economy's Financial Crisis Put Pressure on Bostwick Labs' $100M IPO
April 2008


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Sidebar: Bostwick Labs: At a Glance
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“Repaying debt and adding information technology infrastructure and personnel also isn’t going to pay a dividend to investors.”—Stanley Geyer, M.D.

Sidebar: Bostwick Labs: At a Glance

Founded: 1999 by David Bostwick, MD, MBA, a former Professor of Pathology and Urology at the Mayo Clinic (Minneapolis, MN)

Locations: Virginia, Arizona, New York, Florida, London; just opened a lab in Nashville, Tenn.

Staff: 750

Accession: 2007: 291,000; 2006: 159,000

Days Sales Outstanding: 2007: 46.9; 2006: 49

Current Bad Debt Percentage (2007): 7.4 percent

Growth Focus: Increase market share in AP specialties, including gynecology, gastroenterology, and nephrology; expand into AP specialties such as dermatopathology.

   

 

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