Graymark makes regional move

Wednesday, August 26, 2009

OKLAHOMA CITY – Graymark Healthcare has acquired somniCare and somniTech, the company announced Tuesday.

The Overland Park, Kan.-based Somni companies have sleep disorder centers in Kansas, Nebraska, Iowa, Missouri, South Dakota and Minnesota. Dr. Steven Hull will continue as president of Somni.

"Our management team has a wealth of experience in the sleep industry, and we are excited about the potential market opportunities available through this formidable business combination," Hull stated in a release.

Graymark is a diversified medical holding company that includes diagnostic sleep centers, independent pharmacies and a DME.

The Somni acquisition allows Graymark to expand its footprint.

"Somni’s regional presence complements our Sleep Disorder Centers’ existing geographic markets, expanding our growing national footprint of best-in-class sleep centers,” stated Graymark CEO Stanton Nelson in a release.

The Somni companies will continue to operate under their own names.