PathCentral Sells Diagnostics Lab Business

Irvine-based PathCentral, the provider of tools and technology to the pathology community, said today that it sold its diagnostic laboratory business to Ascend Clinical, a provider of end-stage renal disease laboratory testing. Financial terms of the sale were not disclosed. As part of the sale, the firm said its CEO, Matt Watson, will move to Ascend, and that it will appoint Jaye Connolly as its new CEO. Connolly is the former CFO of PathCentral.