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Graymark Healthcare Continues to Advance Strategy to Become Nation's Top Sleep Medicine Provider

Friday, July 30, 2010 Drug News J E 4
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OKLAHOMA CITY, July 29 /PRNewswire-FirstCall/ -- Graymark Healthcare (Nasdaq: GRMH) announced that it has added two new sleep centers in Texas and Nebraska with the signing of agreements to provide on-site services to Goodall-Witcher Medical Center in Central Texas and Henderson Community Hospital in Nebraska. These agreements continue to execute on Graymark's strategy to expand the availability of sleep medicine in rural communities that otherwise might not have access to comprehensive sleep care.  "These are important partnerships as they position and validate our model to offer customized services to meet the needs of medical centers and sustain a business model where all stakeholders win," said Stanton Nelson, Chairman and CEO of Graymark Healthcare.  With these strategic partnerships Graymark Healthcare now manages and provides care in 93 Sleep Centers in 11 states.

"Goodall-Witcher Medical Center in Central Texas is very pleased to be able to offer sleep studies locally.  Previously patients would have to travel to Waco or other distant areas for these services," commented Clarence Fields, Jr., FACHE, President/CEO.  "Not only will Goodall-Witcher Medical Center be able to serve patients locally for these tests, but it will also service patients referred by physicians and providers located in surrounding areas," Fields added.

"It is amazing how many individuals I see on a regular basis with sleep disorders," said Dr. Kenneth Lowrance, APRN, FNP-BC, Family Nurse Practitioner/Vice President at Goodall-Witcher.  "Once diagnosed with sleep apnea, treatment has resulted in almost miraculous changes in many patients' lives.  One cannot underestimate the value and importance of high quality sleep in optimizing one's ability to function and in improving their overall quality of life." 

"Graymark Healthcare is honored to create an alignment with Goodall-Witcher Medical Center and Henderson Community Hospitals to provide sleep diagnostic and treatment services," said Stanton Nelson.  "The Graymark Healthcare Comprehensive Care Model for Sleep Disorders including obstructive sleep apnea complement the care offered by hospitals and medical centers and allow them to provide state-of-the-art sleep disorder services in a high quality, affordable manner," Nelson continued.

The management agreement between these Medical Centers and Graymark Healthcare become effective in July; the sleep centers will begin seeing patients in August.

Graymark Healthcare, Inc. is a diversified medical holding company that owns and operates diagnostic sleep centers that treat a wide range of sleep disorders; independent pharmacies that serve the needs of local markets; and a medical equipment company that provides both disposable and durable medical equipment. Graymark plans to continue its growth both internally and through strategic acquisitions within the medical industry.

This press release may contain forward-looking statements which 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.

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