Brentwood lab company announces $18M expansion
Brentwood-based health care company PathGroup announced Tuesday it will undertake an $18 expansion in Davidson County, a move that will yield upwards of 200 jobs.
PathGroup, which bills itself as one of the largest private providers of pathology and clinical lab services in the U.S., currently operates three labs in the Nashville area. The labs and back office operations will be consolidated in space within an existing building located at 1000 Airpark Center Drive south of the Nashville International Airport, according to a release.
The executive offices of the company will remain at 5301 Virginia Way in Williamson County.
Founded in 1965 and led by physicians, PathGroup has more than 80 in-house pathologists and about 1,100 employees. The company works with more than 70 hospitals and thousands of group practices across the U.S. to deliver lab tests and diagnostic results.
In August 2016, Chicago-based private equity firm Pritzker Group, along with Vesey Street Capital Partners of New York, capitalized PathGroup in a deal that some observers speculated was worth up to $500 million.
“We’re grateful for our Tennessee roots and look forward to continue growing with the communities where our employees live and work,” Dr. Ben Davis (pictured), PathGroup president and CEO, said in the release. “Our strong foundation in the local business community allows us to leverage our national reach, ensuring that doctors have the highest quality data and diagnostics, to enhance outcomes for patients.”
The state of Tennessee is expected to provide FastTrack grants as an incentive.
Bob Rolfe, commissioner of the Tennessee Department of Economic and Community Development, said health care companies such as PathGroup annually contribute nearly $39 billion to Middle Tennessee’s economy.
“Health care has played a central role in the region’s dynamic and growing economy,” he said in the release. “We’re pleased to see PathGroup move forward with this significant investment in Nashville and look forward to its continued growth, which will help provide new job opportunities for Middle Tennesseans.”
Original article here.
