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Principle Health Systems Expands Reach with Acquisition of BioStat Laboratory in Dallas

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DALLAS, Nov. 20, 2023 ~ Principle Health Systems, a leading healthcare provider dedicated to enhancing patient outcomes and provider experiences, has announced the strategic acquisition of BioStat Laboratory, a prominent Dallas-based laboratory. The move is part of Principle Health Systems' mission to revolutionize laboratory services in Texas and accelerate its growth in the Dallas-Fort Worth (DFW) metroplex.

James Dieter, CEO of Principle Health Systems, expressed enthusiasm about the acquisition, stating, "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. Our goal is to leverage improved technology and introduce bedside STAT testing to provide a seamless and advanced healthcare experience."

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The owner of BioStat Laboratory was also excited about the successful sale of their lab. "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," they said.

Principle Health Systems already provides mobile laboratory services catering to long-term care and home health patients across six major markets in Texas. With this acquisition, they anticipate significant growth with access to BioStat Laboratory's team and expertise.

This acquisition marks a milestone in Principle Health Systems' commitment to delivering high-quality healthcare solutions, and they look forward to building on BioStat Laboratory's legacy of excellence.
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