What is BASi?
BASi, formerly known as Northwest Laboratory, is a comprehensive diagnostic and pathology services provider. The company offers a wide array of laboratory testing, including histology, immunohistochemistry, hematology, coagulation, chemistry, microbiology, women's health, and molecular testing. With state-of-the-art expertise and technology, BASi serves medical organizations across 37 states and provides pathology services to numerous hospitals and outpatient clinics. Their integrated approach, including a full histology laboratory operating round-the-clock and direct interfacing with electronic medical records systems, positions them as a trusted national healthcare partner. The company's commitment to precision and expert consultation, often in collaboration with its sister company NW Pathology (NWP), ensures high-quality patient care.
How much funding has BASi raised?
BASi has raised a total of $15.2M across 3 funding rounds:
Stock Offering
$10M
Debt
$5M
Debt
$150K
Stock Issuance/Offering (1997): $10M, investors not publicly disclosed
Debt (2020): $5M led by PPP
Debt (2024): $150K supported by BayFirst National Bank
Key Investors in BASi
BayFirst National Bank
BayFirst National Bank is a financial institution that has provided debt financing to BASi, indicating a role in supporting the company's operational or expansionary capital needs.
PPP
Public-Private Partnership
What's next for BASi?
The recent major strategic investment of $150K signals a pivotal phase for BASi, likely focused on scaling operations, expanding service offerings, or enhancing technological capabilities. Given the enterprise-level nature of its total funding, BASi appears to be in a mature growth stage, potentially preparing for further market penetration or strategic acquisitions. This capital infusion will be critical in solidifying its competitive advantage in the diagnostic and pathology sector, enabling the company to further innovate and meet the evolving demands of healthcare providers and patients nationwide.
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