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Article: OKC-based Graymark Healthcare grows niche market, acquiring yet another sleep diagnostic center
- Article from:
- THE JOURNAL RECORD
- Article date:
- September 18, 2009
- Author:
CopyrightCopyright 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. (Hide copyright information)
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Graymark Healthcare Inc., an Oklahoma City-based medical holding
company, recently acquired another sleep diagnostic center - the
latest in a strategy to bring high-standard facilities into its
fold.
This week, Graymark purchased Avastra Eastern Sleep Centers Inc.
from Avastra USA for $2.5 million - $1.1 million in cash and $1.36
million in stock, said Joe Harroz, president and chief operating
officer of Graymark. Avastra, with sleep centers in New York and
Florida, is a division of Avastra Sleep Centres Ltd., a public
company listed on the Australian Securities Exchange. Avastra's name
will now change to Nocturna East Inc.
"We see tremendous opportunity with all the health care
regulations ...