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"Carl Marks Healthcare Partners adds another dimension to the specializedservices that we provide to our clients," said Mark L. Claster, president ofCarl Marks & Co. Inc. "CMHP's focus on strengthening organizationalperformance further enhances the established revitalization services our firmoffers through Carl Marks Advisory Group and broadens our approach to creatingvalue for our clients."
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David A. Rock and Martin D. Payson will lead Carl Marks HealthcarePartners as managing members. Rock brings extensive strategic operationsimprovement experience to CMHP. He has served in both management andconsulting roles for a number of large and mid-size healthcare industryestablishments. His work includes assisting organizations to improveoperations and productivity, directing financial performance improvement, andassessing new business ventures, including mergers and acquisitions.
"It continues to be a volatile time for the healthcare industry," Rocksaid. "CMHP will assist healthcare organizations to strengthen theiroperating platform so that they are better positioned to successfully meet themany challenges they're encountering today and in the future. This will allowthem to continue to deliver the highest quality of care and services to theirpatients, the communities they serve and their customers."
Rock's vast healthcare revitalization expertise is complemented byPayson's wide range of management and business development experience. Sinceleaving Time Warner Inc. as vice chairman, Payson has developed considerableexpertise in guiding healthcare organizations, including as chairman of theboard for a large New York City medical center and as director and chairman ofa public benefit corporation that owns and operates healthcare facilities inthe state of New York. In 2006, he was awarded the United Hospital Fund'sprestigious Healthcare Leadership Award of New York City.
"We're pleased to join Carl Marks, a respected advisory services firm thathas made great strides in assisting a broad range of companies to achieveongoing success," said Payson. "We intend to build upon the firm'slong-standing accomplishments to offer our healthcare clients the bestsolutions toward sustaining viability in an industry currently confronted withso many tribulations."
Carl Marks Healthcare Partners is located within the offices of Carl Marks& Co. at 900 Third Avenue, 33rd Floor, New York, NY 10022-4775. For moreinformation on CMHP, visit www.carlmarkshealthcare.com.
About Carl Marks
Carl Marks is among the country's leading investment and advisory servicesfirms. The company began as a dealer of foreign securities in 1925 andbranched out to include a range of specialized services, including corporaterevitalization, investment banking, distressed securities, private equity,real estate and asset management.
SOURCE Carl Marks & Co. Inc.
