Graymark Healthcare Signs Milestone 100th Sleep Center Agreement

Orlando, FL 12/2/11 (StreetBeat) --Graymark Healthcare, Inc. (NASDAQ: GRMH), the nation's second largest provider of diagnostic sleep services and an innovator in comprehensive care for obstructive sleep apnea (OSA), has partnered with Spencer Hospital of Spencer, Iowa to offer comprehensive sleep medicine services to city residents and the surrounding areas.

The agreement represents Graymark's 100th sleep laboratory nationwide, consisting of 24 standalone or IDTF facilities in large communities and 76 hospital or rural outreach locations. Spencer Hospital increases the total number of new hospital partnership contracts for Graymark to 14 so far in 2011, compared to 11 total partnerships signed in all of 2010.

"Our partnership with Spencer Hospital builds on our existing operations in the Iowa area and highlights the increasing demand for sleep medicine in rural communities, particularly for the diagnosis and treatment of OSA," said Stanton Nelson, CEO of Graymark Healthcare. "The partnership reflects our commitment to delivering sleep medicine to rural communities that may not otherwise have practical access to comprehensive sleep care."

These sleep medicine programs augment the company-owned, freestanding facilities, and represent Graymark's go-to-market strategy due to the relatively low start-up cost and more rapid deployment, as well as lower ongoing administrative time and expense. Graymark's OSA patients also benefit from the full and immediate resources of a well-established, professionally operated medical facility.

Steve Deutsch, vice president of operations at Spencer Hospital, commented: "Spencer Hospital is excited about the opportunity to work with somniTech and Graymark Healthcare in furthering our sleep disorders testing and treatment program. We are a 99 bed community hospital and have been providing sleep medicine services since 2006. The partnership with somniTech and Graymark Healthcare will greater expand our capacity to serve our growing community."

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