Carl Marks Healthcare Partners LLC provides performance improvement and
turnaround for the healthcare industry
NEW YORK, June 4 /PRNewswire/ -- Carl Marks & Co. Inc. announces the addition of Carl Marks Healthcare Partners LLC (CMHP) to the firm's business units. CMHP will focus on operational and financial performance improvement and turnaround management for the healthcare industry.
"Carl Marks Healthcare Partners adds another dimension to the specialized services that we provide to our clients," said Mark L. Claster, president of Carl Marks & Co. Inc. "CMHP's focus on strengthening organizational performance further enhances the established revitalization services our firm offers through Carl Marks Advisory Group and broadens our approach to creating value for our clients."
David A. Rock and Martin D. Payson will lead Carl Marks Healthcare Partners as managing members. Rock brings extensive strategic operations improvement experience to CMHP. He has served in both management and consulting roles for a number of large and mid-size healthcare industry establishments. His work includes assisting organizations to improve operations and productivity, directing financial performance improvement, and assessing new business ventures, including mergers and acquisitions.
"It continues to be a volatile time for the healthcare industry," Rock said. "CMHP will assist healthcare organizations to strengthen their operating platform so that they are better positioned to successfully meet the many challenges they're encountering today and in the future. This will allow them to continue to deliver the highest quality of care and services to their patients, the communities they serve and their customers."
Rock's vast healthcare revitalization expertise is complemented by Payson's wide range of management and business development experience. Since leaving Time Warner Inc. as vice chairman, Payson has developed considerable expertise in guiding healthcare organizations, including as chairman of the board for a large New York City medical center and as director and chairman of a public benefit corporation that owns and operates healthcare facilities in the state of New York. In 2006, he was awarded the United Hospital Fund's prestigious Healthcare Leadership Award of New York City.
"We're pleased to join Carl Marks, a respected advisory services firm that has made great strides in assisting a broad range of companies to achieve ongoing success," said Payson. "We intend to build upon the firm's long-standing accomplishments to offer our healthcare clients the best solutions toward sustaining viability in an industry currently confronted with so many tribulations."
Carl Marks Healthcare Partners is located within the offices of Carl Marks & Co. at 900 Third Avenue, 33rd Floor, New York, NY 10022-4775. For more information on CMHP, visit http://www.carlmarkshealthcare.com.
About Carl Marks
Carl Marks is among the country's leading investment and advisory services firms. The company began as a dealer of foreign securities in 1925 and branched out to include a range of specialized services, including corporate revitalization, investment banking, distressed securities, private equity, real estate and asset management.
|SOURCE Carl Marks & Co. Inc.|
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