Towne Park Acquires Avascend Healthcare Hospitality
ANNAPOLIS, MD, July 21, 2009 - Towne Park announced the acquisition of Avascend Healthcare Hospitality based in Overland Park, Kansas. The acquisition brings together two leading operators in the hotel and healthcare industries. The combined company specializes in valet parking, parking management, door, bell and concierge services with 6,000 associates serving more than 300 clients across 39 states nationwide.
"We are now positioned to drive greater value for our clients and provide a level of service unmatched in either the hotel or healthcare industry", said Jerry South, Towne Park's CEO and founder. "With the Avascend acquisition now complete, Towne Park is a stronger, more broadly based company than ever before, with increased capacity to reach new customers and the ability to provide current clients with added services."
"Our geographic coverage and strong guest/patient focus provides greater economies of scale and a more competitive service offering" said Frank Pikus, Avascend's CEO. "Both industries gain by having a stronger, stable, innovative partner ready to serve. The company's expanded national presence provides our markets with greater services, support and leadership."
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