FOR IMMEDIATE RELEASE
Dec. 14, 2023
CHARLOTTE, NC – Lighthouse Lab Services, a nationwide provider of clinical laboratory consulting and management offerings, is announcing the successful acquisition of Alternative Biomedical Solutions (ABS), a lab services company based in Carrollton, TX, with a focus on instrument procurement and servicing.
Founded in 1995, ABS offers a host of laboratory consulting and instrumentation services that will complement Lighthouse’s existing offerings, including extensive experience with physician office labs, forensics, and instrument procurement and servicing. This move marks a significant milestone in Lighthouse’s commitment to strategic growth and its continued mission to make quality lab testing more accessible.
Lighthouse President Jon Harol says the acquisition of ABS furthers Lighthouse’s goal of comprehensively serving the end-to-end needs of its clinical lab customers.
“This acquisition equips us with the ability to offer our customers first-class equipment service at a better price point and with more flexibility than other solutions,” Harol, who founded Lighthouse in 2003, notes. “This move will also allow us to further optimize our customer’s supply and consumable costs and will expand our capabilities beyond the clinical lab industry into the adjacent CRO and PFAS lab markets.”
ABS CEO Joe Coffey is similarly excited about the expanded service offerings that will now be available to existing ABS customers.
“Legacy ABS customers will have significant new capabilities available to them to serve their patients with the Lighthouse acquisition,” Coffey says. “Lighthouse will now offer a comprehensive, vertically integrated suite of products and services from laboratory start-up and staffing through ongoing equipment service and quality lab management.”
Lighthouse, based in Charlotte, N.C., has significantly expanded the company’s suite of services in recent years to become a one-stop shop for clinical laboratories – now covering everything from lab start-up services, consulting, equipment procurement and servicing, recruiting and staffing, payer contracting, revenue cycle management, and more.
Lighthouse CEO Mark Roth says he is eager to leverage the acquisition of ABS to grow into new adjacent markets and provide more support and offerings for the companies’ combined customer base.
“ABS has a solid reputation and track record in this industry,” Roth adds. “We are excited to add many experienced professionals to our team who will continue to help us deliver best-in-class service for years to come.”
For general questions, please contact Lighthouse Lab Services.
####
MEDIA CONTACT:
For media requests related to this announcement, please contact:
Alex Mitchell, Marketing Communications Manager, Lighthouse Lab Services
Email: alex.mitchell@lighthouselabservices.com
About Lighthouse Lab Services:
Founded in 2003, Lighthouse Lab Services began as a clinical laboratory recruiting and staffing company before merging with Elite Diagnostics in early 2020 to expand its offerings to include end-to-end laboratory consulting and management services. In that time, Lighthouse has executed several strategic acquisitions to bolster its position as a leading strategic resource for lab entrepreneurs, physician groups, and hospitals in providing expert guidance and implementing any aspect of laboratory operations. The company’s full suite of services includes buildouts, recruiting, lab management, information systems, payer strategy, revenue cycle management, test menu design, and more. In addition to its Charlotte, N.C., headquarters, Lighthouse also maintains offices in Holly Springs, N.C., and Toledo, OH.