MedMark Services, Inc.
401 E. Corporate Drive, Suite 220
Lewisville, Texas 75057
Media Contact: Frank Baumann
MEDMARK SERVICES, INC. ACQUIRES GLASS HEALTH PROGRAMS
Lewisville, Texas (December 5, 2011) – MedMark Services, Inc. announced today that it has acquired Glass Health Programs, Inc. located in Baltimore, Maryland. Glass Health Programs operates 7 programs providing treatment for opioid addiction and dependency utilizing medication-assisted treatment along with individual and group counseling services in a supportive, patient-centered environment. The clinics currently provide services to over 2,800 patients. In addition, Glass Health Programs provides behavioral health services at two juvenile detention facilities for the Maryland Department of Juvenile Services.
David K. White, Ph.D., Chief Executive Officer and President of MedMark Services, Inc., commented, “We are proud to have Glass Health Programs join MedMark Services . Glass Health Programs has developed an excellent reputation providing quality addiction services to the Baltimore metropolitan region since 1970. They have been a leader assisting patients with access to substance abuse treatment and in creating innovative services. We feel fortunate that Dr. Sheldon Glass, CEO and Founder of Glass Health Programs will become MedMark Services National Medical Director. Dr. Glass, a Johns Hopkins faculty member, has a distinguished career developing and providing outstanding, safe and effective addiction and behavioral health services. We are also pleased to announce that Herman Jones will be promoted to the position of President and Chief Executive Officer of Glass Health Programs. We look forward to continuing to provide high quality customer focused treatment services to the communities served by Glass Health Programs.”
Dr. Sheldon Glass, Founder and Chief Executive Officer of Glass Health Programs said, “While developing a succession plan for my company, MedMark became the best choice. I am confident that our staff and patients will be in good hands. MedMark has the resources that will ensure consistent quality care for our patients. Their company values and their focus on providing quality addictive services are very consistent with Glass Health Programs. I look forward to continuing my involvement as MedMark’s newly appointed National Medical Director.”
Dr. White added, “We appreciate the continued involvement from Capital Resource Partners who provided financial support for this acquisition”.
MedMark Services, Inc., is a growing addiction treatment and primary care services company that provides quality, patient focused healthcare in 24 locations throughout California, Florida, Georgia, Maryland, New Mexico and Texas. MedMark has developed a growth plan for additional addiction treatment centers through both internal growth and acquisitions. The company’s goal is to develop a nation-wide network of facilities to address the specific needs of individuals seeking addiction treatment. For more information visit our website at http://medmark.com.
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. CRP specializes in creative, hybrid financing solutions that allow maturing companies to expand, pursue acquisitions, or recapitalize without diluting the existing ownership structure. In addition to healthcare, CRP focuses its investment activity across consumer products, software and information technology-enabled business solutions. For more information, visit http://crp.com.