Capital Resource Partners provided $10.0 million of growth capital to MedMark Services, Inc. (“MedMark” or the “Company”). Medmark develops and operates primary health care clinics and addiction treatment centers. MedMark’s 14 primary health care clinics are all under contract with the Department of Veterans Affairs and historically have comprised the majority of the company’s business. More recently, the Company has focused its efforts on developing a substantial presence in the addiction treatment industry, and currently operates 4 opiate addiction treatment centers in California.
CRP’s financing enabled Medmark to acquire two businesses: a group of outpatient addiction treatment centers and a residential addiction and mental health facility.
Nick Scola, a Partner at Capital Resource Partners will be joining the company’s board of directors.