SOURCE: Graymark Healthcare, Inc.

Graymark Healthcare, Inc.

January 17, 2012 12:30 ET

Graymark Healthcare Partners With Emory-Adventist Hospital at Smyrna to Deliver Comprehensive Sleep Care

Partnership Marks Graymark's First Entrance Into Georgia Market

OKLAHOMA CITY, OK--(Marketwire - Jan 17, 2012) - Graymark Healthcare, Inc. (NASDAQ: GRMH), the nation's second largest provider of diagnostic sleep services and an innovator in comprehensive care for obstructive sleep apnea (OSA), has partnered with Emory-Adventist Hospital of Smyrna, Georgia to offer comprehensive sleep medicine services to city residents and surrounding areas.

Graymark replaces the hospital's previous provider and represents the company's first entrance into the state of Georgia. It brings the total number of Graymark sleep laboratories to 101, consisting of 24 standalone or IDTF facilities in large communities and 77 hospital or rural outreach locations.

"Our new partnership with Emory-Adventist Hospital expands our footprint into our tenth state and further supports our replicable model for the diagnosis and treatment of OSA," said Stanton Nelson, CEO of Graymark Healthcare. "We plan to open three to four additional locations in the Atlanta market in 2012, which we expect all together will perform about 1,500 sleep studies before year's end."

These sleep medicine programs augment the company-owned, freestanding facilities, and represent Graymark's go-to-market strategy due to the relatively low start-up cost and more rapid deployment, as well as lower ongoing administrative time and expense. Graymark's OSA patients also benefit from the full and immediate resources of a well-established, professionally operated medical facility.

Dennis Kiley, CEO of Emory-Adventist Hospital at Smyrna, commented: "Graymark has proven themselves as a leader in sleep medicine and we look forward to collaborating with them to treat our patients' sleep-related health issues."

To find out more or to locate a sleep center near you, visit www.graymarkhealthcare.com.

About Emory-Adventist Hospital at Smyrna
Emory-Adventist Hospital at Smyrna is a non-profit community hospital operated by Adventist Health System as a joint venture with Emory Healthcare.

About Graymark Healthcare
Headquartered in Oklahoma City, Okla., Graymark Healthcare, Inc. (NASDAQ: GRMH) is the nation's second largest provider of sleep management solutions. In addition to diagnosing and treating over 80 sleep disorders, the company specializes in comprehensive care for Obstructive Sleep Apnea (OSA). Graymark offers its services through 101 sleep laboratories primarily in the Midwest, including standalone or IDTF facilities, therapy facilities, rural outreach hospital sites and urban hospital management agreements. For more information, visit www.graymarkhealthcare.com.

Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on the Company's current expectations, forecasts and assumptions. Forward-looking statements involve risks and uncertainties that 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 risk that the transaction does not close as planned or at all, 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.

Contact Information

  • Company Contact:
    Graymark Healthcare, Inc.
    Stanton Nelson
    Chairman and CEO
    Tel 405-601-5300

    Investor Relations:
    Liolios Group, Inc.
    Scott Liolios or Cody Slach
    Tel 949-574-3860
    Email Contact