MedMark Services, Inc.
401 E. Corporate Drive, Suite 220
Lewisville, Texas 75057
Media Contact: Frank Baumann
LEWISVILLE, Texas (December 30, 2008)—MedMark Services, Inc. is pleased to announce today that it has entered into a partnership with Capital Resource Partners L.P. (CRP) in which CRP will provide MedMark with $10 million of subordinated debt to finance acquisitions. This new capital will enable MedMark to continue its accelerated growth plan acquiring additional treatment centers.
Headquartered in Lewisville, Texas, MedMark operates primary care and addiction treatment centers throughout California and Florida. MedMark has a long history of providing primary care services to veterans on behalf of the Veterans Administration. Since 2005, MedMark has been aggressively growing the Addiction Treatment Services side of its business and intends to continue leveraging this platform going forward. While currently operating four (4) opiate addiction treatment centers, MedMark plans to further expand within this arena as well as develop a meaningful presence in residential and hospital based addiction treatment services.
Dr. David White, MedMark’s President and CEO said, “We are pleased to have partnered with CRP to help fuel our growth. We have built a strong management team with the expertise to develop and manage a national addiction company capable of delivering exceptional quality and customer service.”
Nick Scola, Partner at CRP, stated, “We have gotten to know Dave White and his management team at MedMark over the past year and we continue to be very impressed with their passion for the business as well as the level of performance they have been able to achieve within their existing facilities. We are excited about our new partnership and look forward to helping MedMark execute its national growth strategy within addiction treatment.”
About Capital Resource Partners
Founded in 1987, Capital Resource Partners (CRP) is an experienced provider of debt and equity capital to lower middle market companies throughout the United States. CRP invests exclusively in growth companies with proven business models and strong management. The firm specializes in creative, hybrid financing solutions that allow maturing companies to expand, pursue acquisitions, or recapitalize without significantly diluting the existing ownership structure. In addition to healthcare, CRP also focuses its investment activity across consumer products and retail, software and information technology and technology-enabled business services. For additional information on CRP please visit http://crp.com.
About MedMark Services
Based in Lewisville, Texas, MedMark Services, Inc. is a growing primary care and addiction treatment services company. MedMark is committed to providing quality healthcare and addiction treatment services in its locations throughout the country. Currently MedMark has 13 sites in California and Florida with plans to add both opiate treatment centers and residential and hospital centers for addiction. For additional information on MedMark please visit http://MedMark.com.