What is Select Labatories?
Reference Laboratories, operating under the Select Labatories umbrella, functions as a comprehensive network of regional laboratories. These facilities specialize in providing critical clinical reference laboratory services to a diverse clientele, including physicians' offices, clinics, and broader healthcare facilities. The company distinguishes itself through rapid turnaround times for both routine and STAT testing, notably including COVID-19 diagnostics, thereby upholding stringent standards of patient care. Equipped with advanced instrumentation and adhering to rigorous quality control protocols, Select Labatories consistently meets and surpasses federal standards. Its operations are CLIA certified, with a strong emphasis on data confidentiality and HIPAA compliance facilitated by sophisticated data encryption technologies.
How much funding has Select Labatories raised?
Select Labatories has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for Select Labatories?
The recent major strategic investment signals a new phase of expansion and operational enhancement for Select Labatories. This capital infusion is anticipated to fuel advancements in laboratory technology, broaden service offerings, and potentially extend the company's geographic reach. As an established provider of essential diagnostic services, Select Labatories is well-positioned to capitalize on increasing healthcare demands, particularly in areas like infectious disease testing and personalized medicine, further solidifying its market presence.
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