FOR IMMEDIATE RELEASE
10 June 2003
Oklahoma
City, OK––Breathing Disorders Services, Inc. (BDS), a national home
medical equipment provider with headquarters in Oklahoma City, has
announced an equity partnership with Council Oak, a private Oklahoma City
equity firm. Council Oak, which invests solely in successful
Oklahoma-owned businesses, will provide capital for BDS’s continued
national expansion. BDS, with established stores in Oklahoma, Texas,
Virginia, Colorado, California, North Carolina and Arizona, will add at
least six more stores over the next 12 months.
BDS stores provide
in-home nasal continuous positive airway pressure (CPAP) equipment and
support to persons diagnosed with obstructive sleep apnea (OSA) syndrome.
OSA is a disorder in which a person repeatedly stops breathing during
sleep. It can occur when muscles that control the tongue and soft palate
relax and allow the upper airway to narrow or even become blocked. CPAP
equipment delivers mildly pressurized air through a small nose mask,
keeping the airway open. In most cases, CPAP therapy resolves OSA
immediately, without the need for drugs or surgery.
Recent medical
studies have established a direct correlation between certain sleep
disorders, particularly OSA, and cardiovascular problems such as
hypertension, stroke, coronary artery disease, myocardial infarction,
pulmonary hypertension and congestive heart failure.
In addition to
CPAP equipment, BDS offices offer bi-level therapy, oxygen therapy,
nebulizers and other forms of in-home aids for allergy and asthma
sufferers.
“We are delighted
to have Council Oak as our newest partner as we execute our plan for
expanding across the nation,” said an official company spokesperson from BDS.
“With an estimated 40 million Americans suffering from sleep disorders, we
are now in excellent position to meet the growing demand for our
therapeutic services.”
According to
William O. Johnstone, chairman and CEO of Council Oak, BDS is an ideal
target for the merchant bank’s capital investment. “BDS is profitable and
well-managed, with a proven concept. They are already successful and
capable of applying our contribution to their national roll-out. Their
unique business strategy has demonstrated high patient compliance levels
through education, coupled with life-long monitoring and support. In
addition, BDS is one of a handful of companies nationwide with such
excellent experience and expertise in this field.”
ABOUT BDS
Breathing Disorders Services (BDS) is a group of companies providing
home medical equipment and e-commerce solutions to persons diagnosed with
breathing disorders. Operating currently in seven states, BDS is growing
rapidly into new markets, while maintaining its original focus on
respiratory disorders and sleep disordered breathing. BDS’s therapeutic
methodology has achieved a level of patient compliance that exceeds the
national average by 78 percent.
ABOUT COUNCIL
OAK
Council Oak is a two-year-old merchant banking firm that invests
exclusively in successful Oklahoma businesses through buyouts,
acquisitions and equity partnerships for expansion.
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