The proposed transaction creates a highly-scalable and profitable outpatient surgery and sleep center company, adding approximately $44 million to our annualized revenue base. "We announced the definitive acquisition agreement with Foundation Healthcare yesterday, an owner and operator of 21 outpatient surgery centers and surgical hospitals in seven states. We are pleased with the progress being made on increasing conversion as a result of new processes that have been put in place." The percentage of conversion in the quarter increased nicely to 16% versus last quarter's 14%, though still short of our goal of 19-20%. "We also experienced nice growth in the number set-ups in the quarter, which grew 13% compared to the previous quarter as a result of better processes we put in place. "I am very pleased with Graymark's continued improvement in the volume of sleep studies performed in the second quarter, as compared to last year, and that we posted our fourth consecutive quarter of year-over-year growth," said Stanton Nelson, CEO of Graymark Healthcare. ![]() ( GRMH), the nation's second largest provider of diagnostic sleep services and an innovator in comprehensive care for obstructive sleep apnea (OSA), reported financial results for the second quarter ended June 30, 2012. ![]() OKLAHOMA CITY, OK-(Marketwire -08/14/12)- Graymark Healthcare, Inc.
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