Among the largest independent pathology services and cancer diagnostics companies in the U.S., Palm Beach Gardens, FL-based Aurora Diagnostics operates 32 pathology practices in 19 states and employs over 300 pathologists. The company generated pro forma revenue of $310 million for the 12 months ended September 30, 2018. Aurora Diagnostics’ pathologists offer integrated diagnostic and personalized medicine consultations and information technology solutions to physicians and hospital systems.
On June 2, 2006, Haverford Healthcare Advisors’ Managing Directors Christopher Jahnle and Kirk A. Rebane co-founded Aurora Diagnostics, LLC along with pathology industry veterans James C. New and Martin Stefanelli. Jahnle and Rebane worked closely with Jim New to secure Aurora Diagnostics’ initial equity and debt capital from private equity firm Summit Partners and hedge fund GSO Capital Partners.
Coincident with the founding of Aurora Diagnostics, Haverford Healthcare Advisors was engaged by Aurora Diagnostics to serve as the company’s outsourced business development team. In this capacity, Jahnle and Rebane successfully sourced 36 pathology practice acquisitions for Aurora Diagnostics from 2006 through 2018.
On January 31, 2019, Aurora Diagnostics was acquired by Sonic Healthcare Ltd. (ASX: SHL) for $540 million.