Elite Diagnostics and Lighthouse Lab Services Complete Merger
Charlotte, NC/Holly Springs, NC— March 4th, 2020 — Elite Diagnostics, LLC, and Lighthouse Lab Services, in partnership with NaviMed Capital, a Washington, DC-based healthcare-focused private equity firm, announced today that they have completed a merger of their business operations.
Headquartered in Charlotte, Elite Diagnostics is a healthcare consulting and management firm that offers end-to-end technical and business services to clinical laboratories across the country. Holly Springs-based Lighthouse Lab Services is a preeminent provider of staffing, recruiting, and consulting services for the laboratory industry.
Elite and Lighthouse will provide advisory and management services to clinical, medical, and industrial laboratories across the country. Service offerings include assisting with licensure and compliance with CLIA, COLA, CAP, and other laboratory quality and accreditation requirements, scientific method development and validation for a variety of applications ranging from toxicology to infectious disease, as well as operational solutions. The combined company boasts a deep bench of Ph.D. and masters-level analytical chemists, pharmacologists, toxicologists, and laboratory scientists, as well as experienced teams specializing in executive recruiting and staffing and supply chain and logistics management.
“Over the course of its sixteen years of operation, Lighthouse has built a sterling reputation for its unparalleled recruiting and staffing capabilities, respected scientific expertise, and committed client service,” said Mark Roth, founder of Elite Diagnostics, who will serve as Chief Executive Officer for the combined operation. “We are thrilled to have the opportunity to join forces with Jon Harol and his talented team. Lighthouse has created the world’s largest network for clinical laboratory scientists both online and through its proprietary database of more than 180,000 laboratory professionals’ resumes. With these incredible resources, we are excited to expand our comprehensive solutions for the laboratory industry.”
Jon Harol, who will serve as President, founded Lighthouse in 2003. “Laboratories of all sizes can benefit from sophisticated guidance that helps them build and grow responsibly and improve their operations. The team at Elite has delivered for clients all over the country and has built and managed dozens of successful laboratory projects with an impressive combination of technical know-how, industry expertise, and business acumen. We knew this would be a great combination when we discovered our shared mission of making quality laboratory testing more accessible.”
The expanded operation will serve more than 300 laboratories across the country. The companies are now working as a unified team to serve their clients.
View Lighthouse’s Client Map:
About Elite Diagnostics and Lighthouse Lab Services
Elite Diagnostics and Lighthouse Lab Services are providers of technical and business management and consulting services as well as staffing and recruiting for clinical laboratories across the country. With expertise spanning numerous areas of laboratory diagnostic disciplines and operations, their services help physician office laboratories, managed service organization laboratories, hospitals, and independent reference laboratories grow and improve their operations and meet industry best-practices.
About NaviMed Capital
NaviMed Capital is a Washington, DC-based private equity firm focused exclusively on the healthcare industry. NaviMed exclusively invests lower middle-market growth buyout investments in healthcare services, healthcare IT, hospital products, and medical distribution and targets profitable private companies with up to $10 million of EBITDA. NaviMed partners with management teams and entrepreneurs to create value by providing growth capital to support both organic and inorganic growth through industry consolidation while leveraging its deep healthcare expertise, broad firm network, and combined 50+ year heritage of successful investing and operating. NaviMed’s senior investment team has a track record of value creation spanning dozens of investments and more than $10 billion of enterprise value created. For more information, please visit http://www.navimed.com More information about Elite Diagnostics and Lighthouse Lab Services can be found at their respective websites, www.elitediagnostics.com and www.lighthouselabservices.com.
Name: Jon Harol
Organization: Lighthouse Lab Services, LLC and Elite Diagnostics, LLC
Address: 382 Raleigh Street, Holly Springs, NC 27540