May 9, 2011
GREENWICH, CT and HOUSTON, TX – American Surgical Assistants, Inc (“American Surgical”), a portfolio company of Great Point Partners I, LP and a leading provider of in operating room surgical assistants today announced the appointment of Mark Cherney as Chairman. Mr. Cherney is currently the CEO and President of Prologics, Inc, a therapeutic radiation services company which he co-founded in 2005 and has extensive health care services experience. Previously, Mr. Cherney was CEO of Dolphin Medical, CEO of Princeps and President of Endocare.
Zak Elgamal, CEO of American Surgical said, “GPP brought in, as the Company’s Chairman, an entrepreneur who as CEO grew four prior health care services companies. We will work with Mark to provide market leading quality service to our customers. We are honored to have Mr. Cherney as Chairman.”
Mr. Cherney added, “American Surgical has consistently done a great job of providing high quality surgical assistant services to the hospitals, surgeons and patients. I am excited to become the Chairman of its Board.”
Adam Dolder, Managing Director of Great Point Partners concluded, “Mark is a seasoned health care services industry expert and also serves on GPP’s CEO Advisory Board. We are excited at what the combination of Mark’s experience and leadership can add to the Company.”
About American Surgical Assistants, Inc.
Founded in 1999 and headquartered in Houston, TX, American Surgical through its subsidiaries provides professional surgical assistant services to patients, surgeons and healthcare institutions. The Company is a joint commission certified (JCAHO) surgical assistant services company. Its services result in cost savings for patients, insurance carriers, hospitals, surgeons, and healthcare institutions while maintaining high quality of service. Reach American Surgical at Asainc.us or by calling 713-779-9800.
About Great Point Partners, LLC
GPP, based in Greenwich, CT, is a leading health care investment firm with approximately $450 million of equity capital under management. The firm 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, biotechnology and 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.