June 3, 2013
GREENWICH, CT and HOUSTON, TX — Great Point Partners I portfolio company, American Surgical Assistants (“ASA”), the nation’s leading provider of outsourced surgical assistant services, announced today the appointment of Tom Kirk as chief executive officer effective June 3rd, 2013. Mr. Kirk brings more than 30 years of relevant industry experience to this new role having previously served as President & COO, and eventually CEO, of Hanger, Inc. Mr. Kirk succeeds Zak Elgamal, American Surgical’s co-founder and President, who has served as chief executive officer since the Company was founded in 1999. Mr. Elgamal will remain on the Company’s Board of Directors and continue his leadership role as an advocate for the surgical assistant industry for various national organizations.
“American Surgical has built an outstanding reputation based on reliable and high quality services,” commented Mr. Kirk. “By focusing on providing comprehensive solutions to the surgical assistant needs of hospitals, physicians/surgeons and health care institutions, it has added value and flexibility to its client partners in a cost efficient manner. I am honored and enthusiastic to be part of the Company, and I plan to expand their offering to new venues and additional geographic areas. As we look to the future we will build upon the solid foundation of employee dedication, responsive and clinically excellent service and cooperative relationships with other care providers and payers developed over the last fourteen years.”
“Tom Kirk’s leadership, accomplishments, extensive experience, and proven expertise are tremendously appreciated. I look forward to having him at the helm of ASA, and I am confident that he will lead American Surgical Assistants to the next level.” said Mr. Elgamal.
About American Surgical Assistants
Founded in 1999 and headquartered in Houston, TX, American Surgical provides professional surgical assistant services to patients, surgeons and health care institutions. The Company is a joint commission certified surgical assistant services company. Its services result in cost savings for patients, insurance carriers, hospitals, surgeons, and health care institutions while maintaining the quality of service. Visit www.americansurgicalassistants.com for additional information, or call 713-779-9800.
About Great Point Partners
Great Point Partners (“GPP”), based in Greenwich, CT, is a leading health care investment firm with approximately $600 million of equity capital under management. The American Surgical investment was made from GPP I, a fully committed $156 million lower middle market buy-out fund. GPP is currently investing from GPP II, which is targeted at $200 million.
Great Point manages capital in public and private equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. Both the private and public funds invest across all sectors of the health care industry including behavioral health, biologics manufacturing, life sciences, health care services, hospital outsourcing, information technology, medical devices, specialty pharmaceuticals, and workers compensation. The firm pursues a proactive and proprietary approach to sourcing investments. Reach Great Point at 203.971.3300 www.gppfunds.com.
This document is intended solely to provide information regarding Great Point Partners’ potential financing capabilities for prospective portfolio companies.