SleepQuest on fast track

Wednesday, February 9, 2011

SAN CARLOS, Calif. - SleepQuest saw its earnings grow in 2010, and the provider has no plans to slow down, it announced Feb. 9.

SleepQuest did not release figures, but it said that its fourth quarter earnings for 2010 were up 44% over the same time period in 2009.

"2010 was an extraordinary year for SleepQuest as we continued our national expansion and expanded operations," stated President and CEO Robert Koenigsberg in a release.

To that end, the company has appointed a new vice president of business strategy and development, Gary Corbett. Corbett has previous experience in national obstructive sleep apnea diagnostic services.

"With over a decade focused on delivering medical services and products directly to patients in their home, (Corbett) has a wealth of experience and new ideas to make healthcare more efficient and affordable" stated Koenigsberg.

SleepQuest has also named David Goldsmith and Donald Nelson to the company's independent board of directors. Goldsmith served as chairman of the board for Apria when it was acquired by The Blackstone Group for $1.7 billion in 2008. Nelson is an investment banker and venture capitalist, and he has advised companies in the completion of over $6 billion in mergers and acquisitions, according the press release.