Somnia Announces Relocation Of Corporate Headquarters

NEW ROCHELLE, N.Y., July 21 /PRNewswire/ -- Somnia, Inc., a leading provider of office-based and ambulatory anesthesia services, is pleased to announce the relocation of its corporate offices to 10 Commerce Drive in New Rochelle, New York. As part of Somnia’s strategic plan for growth and new business development, the new 18,000 square foot site will accommodate the company’s explosive 700% growth increase over the last five years. “Moving our corporate headquarters marks a new direction for Somnia,” said Robert C. Goldstein, MD, Executive Vice President. “Given the focus of our business and our goals to transition into a national service provider, it was necessary to provide our employees with the best possible working environment and opportunities to further expand.” The move is slated to take place by mid August

Begun in 1996 as Resource Anesthesiology Associates by Yale-trained anesthesiologists Marc Koch, MD, and Robert Goldstein, MD, the firm is riding a wave of increased surgeries, especially those being done in outpatient settings like doctors’ offices and ambulatory surgery centers (ASC). In 1999, the firm’s annual revenue of $1.3 million was generated by a staff of 10. This year, 72 staffers will generate an estimated $16.5 million in revenue.

Office-based surgery is one of the fastest growing areas in medicine. Improved technology and short-acting anesthetics have enabled less invasive surgeries to become more common and more conducive to an office setting. According to the Federated Ambulatory Surgery Association (FASA), the overall volume of surgeries has increased dramatically in recent years, growing from 20 million to 40 million cases from 1981 to 1999, and is expected to surpass 50 million cases by 2006.

Somnia, Inc. provides comprehensive anesthesia services to office-based surgical practices and ambulatory surgery centers. The company is a management service organization based in New Rochelle, NY. Somnia is dedicated to providing high quality, efficient and exceptional levels of service to patients and clients. For more information, please call 1.877.4SOMNIA (1.877.476.6642).

Somnia, Inc.

CONTACT: Anthony J. Guglielmi, Public Affairs, (office) +1-914-633-5474,ext. 38, (pager) +1-877-405-5088 for Somnia, Inc.

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