Masterplan Announces The Acquisition Of Genesis Technology Partners

CHATSWORTH, Calif., Feb. 13 /PRNewswire/ -- Masterplan, one of the nation's largest providers of technology services for healthcare organizations, announced today that it has acquired Genesis Technology Partners (GTP). The terms of the transaction were not made public.

"We are very excited about the combination of the two companies," said Bruce Cree, CEO and Chairman of Masterplan. "The addition of GTP will benefit the customers of both companies by allowing Masterplan to offer a wide range of maintenance and information services unparalleled in our industry. Masterplan is now the country's largest independent service provider focused solely on delivering high quality, cost-effective equipment maintenance service to the healthcare industry."

"The management and employees at Genesis are equally excited about the future success of the combined company going forward," stated Sandy Morford, former President & CEO of Genesis Technology Partners. "By bringing together the best practices of each company, the result will be the formation of an even stronger service organization, both financially and operationally, that has never before existed in the healthcare marketplace."

Masterplan has been at the forefront of the industry for over 30 years. Known for their expertise and cost-savings solutions, Masterplan's network of over 500 technicians nationwide provide healthcare facilities with quality service on sophisticated medical devices such as CT and MRI. Masterplan's innovative maintenance programs are designed to keep up with the financial, technical and regulatory needs of today's healthcare providers.

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CONTACT: Lydia Prendiz of Masterplan, +1-800-950-2647, ext. 8301

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