Wednesday, May 26, 2010

FRAZER, PA – May 26, 2010 – The management of Pennhurst Group, LLC, a provider of behavioral healthcare staffing and consultative services, announced its buyout of 100% of the membership interest in the Company from its founders. Terms of the deal were not disclosed.

Pennhurst is currently run by Bob Plunkett and Kathleen Stengel who lead a management team that averages approximately 20 years of experience in the healthcare and staffing industries. The Company provides healthcare consultants, managerial consultants, educational service providers, rehabilitative therapists and medical professionals to government agencies and school districts to support the rehabilitation of persons with developmental disabilities.

Pennhurst Group, LLC was represented by Fairmount Partners, a specialty middle-market investment bank with substantial healthcare and business services experience. Fairmount assisted the owners in arranging and closing the transaction. Dick Thatcher, Managing Director of Fairmount Partners, commented, “We are very pleased to have facilitated this ownership transfer, and believe that the Pennhurst has a very bright future under its new ownership.”

About Pennhurst Group, LLC

Pennhurst is a premier provider of healthcare consultants, managerial consultants, educational service providers, rehabilitative therapists and medical professionals to government agencies and school districts to support the rehabilitation of persons with developmental disabilities.