OKLAHOMA CITY, Jan. 19 /PRNewswire-FirstCall/ -- Graymark Healthcare, Inc. (Nasdaq: GRMH) today announced that through its wholly-owned subsidiary, Nocturna Sleep Centers, it has entered into a management agreement with Medical Center of McKinney, in McKinney, Texas, to provide sleep diagnostic and treatment services to patients in the Medical Center's sleep center. Medical Center of McKinney is owned and operated by HCA, Inc. Graymark Healthcare, Inc. provides similar services at Medical Center of Plano, another Texas based HCA facility.
"As one of northern Collin County's only accredited sleep centers, we are committed to providing our patients with the most advanced sleep diagnostic and treatment services available," said Ernest C. Lynch, III, President and CEO of Medical Center of McKinney. "I am confident our relationship with Nocturna Sleep Centers will help us continue to raise the level of services and care we provide to our patients."
"The Graymark Team has shown a willingness to work collaboratively with our clinical staff and bring their national sleep center management experience to our organization," Lynch added.
"Graymark Healthcare, Inc. is very excited to add Medical Center of McKinney to its 65 hospital agreements to provide sleep diagnostic and treatment services," said Stanton Nelson, Graymark's Chairman and CEO. "Our proven system for assisting hospitals and medical centers like Medical Center of McKinney to efficiently staff and operate a comprehensive sleep center reduces their start-up time and the expense of providing sleep services," Nelson continued.
As part of its management agreement, Graymark Healthcare, Inc. will implement its effective five step clinical approach to managing sleep disorders at Medical Center of McKinney. This approach includes referral management, diagnostic testing, individualized treatment, treatment efficacy monitoring and ongoing patient clinical support. All steps are managed by a Board Certified Sleep Medicine physician.
Dr. Gregory Foster, MD will serve as the Medical Director of the McKinney Medical Center Sleep Center. Dr. Foster is Board Certified in Pulmonology and Sleep Medicine and will oversee all care including the interpretation of the diagnostic sleep test results. The management agreement between Medical Center of McKinney and Graymark Healthcare, Inc. became effective in December and the sleep center immediately began seeing patients.
About Graymark Healthcare, Inc.
Graymark Healthcare, Inc. is a diversified healthcare services company that conducts business in two operating segments, SDC Holdings and ApothecaryRx. Our first operating segment, SDC Holdings, is one of the largest providers of care management solutions to the sleep disorder market based on number of independent sleep care centers and hospital sleep diagnostic programs operated in the United States. We provide a comprehensive diagnosis, treatment and disease management solution for patients suffering from sleep disorders. Our second operating segment, ApothecaryRx, operates independent retail pharmacy stores selling prescription drugs, over-the-counter, or OTC, drugs and an assortment of general merchandise.
This press release may contain forward-looking statements that are based on the Company's current expectations, forecasts and assumptions. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, including those enumerated and described in the Company's filings with the Securities and Exchange Commission, which filings are available on the SEC's website at www.sec.gov. Unless otherwise required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Graymark Healthcare, Inc.