OKLAHOMA CITY, OK -- (Marketwired) -- 12/12/13 -- Foundation Healthcare Inc. (OTCQB: FDNH) formerly Graymark Healthcare Inc. (OTCQB: GRMH), announced that effective today the Company has changed its corporate name to Foundation Healthcare Inc. In connection with rebranding the Company, effective December 12, 2013 the Common Stock will commence trading under the ticker FDNH and will no longer trader under the prior ticker of GRMH.
Graymark completed the acquisition of Foundation Surgical Hospital Affiliates LLC and Foundation Surgery Affiliates LLC (collectively "Foundation") on July 23, 2013. Foundation owns and operates surgery-focused hospitals and surgery center facilities that facilitate and enhance the surgical experience and outcomes for surgeons and their patients. Foundation is headquartered in Oklahoma City, Oklahoma.
"As a result of the combination of Graymark and Foundation Healthcare, the business focus of the company has now shifted to the surgical hospital business," stated Stanton Nelson, Chief Executive Officer of Foundation Healthcare. "Our new name reflects both the strategic direction of the company and the most important business segment of the combined entity."
About Foundation Surgical Hospital Affiliates and Foundation Surgery Affiliates
Foundation Surgical Hospital Affiliates, LLC (FSHA) was formed in 2008 from the success of the outpatient surgery company, Foundation Surgery Affiliates (FSA) which was founded by Thomas A. Michaud in 1996. FSHA focuses on the development and management of surgical hospitals and the inclusion of ancillary service lines. These additional service lines, such as hyperbarics, sleep labs, intraoperative monitoring, imaging and robotic surgery, truly make the Foundation specialty hospital environment unique.
Foundation Surgery Affiliates, LLC is an industry leading ASC management and development company focused on partnering with physicians and employees to create an outstanding patient experience, while maximizing partner and shareholder value. Foundation is a leader in offering turnkey management and development solutions for physician partners, as well as creating an optimal experience for the patients we serve. You can visit Foundation at www.foundationsurgery.com.