Parthenon Capital Announces Investment in BioLabs, Inc.

SANTA ANA, Calif.--(BUSINESS WIRE)--June 30, 2006--Parthenon Capital, a leading private equity firm with offices in San Francisco and Boston, announced today that it has formed a new clinical laboratory holding company, BioLabs, Inc., which has completed separate acquisitions of Westcliff Medical Laboratories and Health Line Clinical Laboratories, two leading Southern California clinical laboratories. The combined entity now constitutes the largest independent clinical reference laboratory in California. BioLabs was formed in partnership with Doug Harrington and Dan Angress who will become the CEO and COO, respectively, of the new company.

Westcliff is a premier reference laboratory