Principle Health Systems, a healthcare provider dedicated to enhancing patient outcomes and provider experiences, has announced the strategic acquisition of BioStat Laboratory, a Dallas-based laboratory.
The acquisition aligns with Principle Health Systems’ mission to revolutionize laboratory services in Texas, accelerating its growth in the Dallas-Fort Worth (DFW) metroplex, according to the company. As part of the acquisition, Principle Health Systems gains access to BioStat Laboratory’s accomplished team that has been delivering services to the health care community in DFW.
“We are thrilled to welcome BioStat Laboratory into the Principle Health Systems family. This strategic move allows us to establish a full-service laboratory in the heart of DFW, enhancing our capabilities to serve the community effectively,” says James Dieter, CEO of Principle Health Systems. “Our goal is to leverage improved technology and introduce bedside STAT testing to provide a seamless and advanced healthcare experience.”
Principle Health Systems, is known for its mobile laboratory services catering to long-term care and home health patients across six major markets in Texas, anticipates significant growth with the addition of BioStat Laboratory’s team and expertise.
“Finding the right buyer was crucial to me, and I am confident that Principle will elevate the lab to new heights. I am excited about our long-term customers being in good hands,” the partnership team at BioStat Laboratory said in a statement.
This acquisition marks a milestone in Principle Health Systems’ commitment to delivering high-quality healthcare solutions, and the company looks forward to building on BioStat Laboratory’s legacy of excellence, according to the company.
