Versant Diagnostics has announced the acquisition of Associate Pathologists of Joliet, Ltd., expanding its nationwide network of pathology practices and increasing its presence in the Midwest.
Led by its president, pathologist James Urban, M.D., Ph.D., Associate Pathologists of Joliet is a multi-specialty pathology practice based in Joliet, Illinois.
Founded in 2021 by Ven Aduana, M.D., Jim Billington and Brian Carr, Versant Diagnostics is an independent physician services company focused on anatomic pathology. Versant Diagnostics provides services for hospitals and physician practices. Versant Diagnostics is focused on advancing digital pathology in anatomic pathology labs and specialty clinics and has an aggressive growth strategy into more markets and sub-specialties. Backing for the strategy is made possible by private equity firm Iron Path Capital.
“Dr. Urban is a respected physician who has built an exceptional practice that regularly creates ways to improve patient care,” said Jim Billington, Chief Executive Officer at Versant Diagnostics. “This collaboration with one of the Midwest’s premiere pathology providers will expand physician and patient access to our growing network of leading specialists.” Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 50th Laboratories, MRI and Dialysis acquisition of 2024. Of those transactions, 54% (27 deals) have been announced in the diagnostics specialty.
