Graymark Divests Non-core Sleep Centers for $2.5 Million

Graymark Healthcare, Inc. GRMH has closed the sale of its Nocturna East Sleep Centers unit for $2.5 million in gross cash proceeds. The sale comprised a total of eight stand alone sleep centers, seven located in western New York and one in Florida. Given that the company only performed diagnostic sleep tests at these locations, the sale of this asset is expected to have no effect on Graymark's recurring revenue re-supply business.