Lakewood Pathology Associates Wins Accolades again

Lakewood, NJ: Lakewood Pathology Associates, Inc. (LPA) has once again been named one of the top 25 fastest-growing, privately-held companies in South New Jersey by the Philadelphia Business Journal and the Rowan University’s Rohrer College of Business and Rowan’s Center for Innovation & Entrepreneurship. LPA ranked number six among the companies earning this distinction, up from 11 last year.
Lakewood Pathology is a full-service national provider of multi-specialty pathology services to clinicians operating in outpatient surgical settings in more than 21 states.
“We are proud that we’ve earned this recognition for the second year in a row,” said Dr. Raza Bokhari, president and chief executive officer of LPA. "We see this award as a direct reflection of the talent of our team and the strength of our business strategy. We have grown swiftly and strategically, starting with securing a commanding presence across the state of New Jersey before expanding across the region and the country. As we continue on our path of strong growth, we are bringing business to the area from more than 21 states and creating important employment opportunities for our residents.”
Recognizing the company’s strong growth and momentum, last month Water Street Capital Partners, a Chicago-based healthcare private equity firm, announced it had acquired a majority ownership stake in LPA, committing $50 million in equity financing. This investment will help further accelerate LPA’s organic growth and secure market leadership in the country.
This is the 11th year that Philadelphia Business Journal has teamed up with Rowan University to rank the 25 fastest-growing private companies in southern New Jersey. Rowan researchers rank companies based on revenue growth between 2003 and 2005. The top 25 companies were honored at an awards luncheon Tuesday, June 13, 2006.
Headquartered in Lakewood, New Jersey, Lakewood Pathology Associates is a leading national pathology company that provides a full range of multi-specialty services, including extensive diagnostic procedures and specialist consultations. Accredited with distinction by the College of American Pathologists, Lakewood Pathology Associates has long been recognized for exceptional service and quality. Lakewood currently focuses on a broad base of specialty pathology services including urology, gastroenterology, and hematopathology.



Editor: Akhtar M. Faruqui
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