Cornerstone Buys MedResolutions

Cornerstone Records Management, which is backed by Sterling Partners, has bought MedResolutions Corp. Financial terms weren’t announced. MedResolutions, of Pinehurst, Texas, specializes in secured storage of hardcopy records, medical release of information (ROI) services and document scanning.

PRESS RELEASE

Cornerstone Records Management, LLC announced today that it has completed the acquisition of the assets of MedResolutions Corporation, based in Pinehurst, TX. The company specializes in secured storage of hardcopy records, medical release of information (ROI) services and document scanning.

“The acquisition of MRC marks the entrance of Cornerstone into the Texas market and highlights our commitment to strategic expansion and growth. MRC’s focus on providing high quality service to their customers and their philosophy that customer needs come first made them an excellent candidate to become part of Cornerstone,” said Steven Sisney, President and CEO of Cornerstone.

“Cornerstone is committed to investing in the Texas market in support of expanding our customer base and providing our existing customers with best in class records and information management services,” added Sisney. “With the acquisition of MRC, we gained clean and secure facilities, state of the art equipment and the ability to customize solutions. We look forward to operating in Texas and welcoming MRC’s customers to Cornerstone.”

The acquisition of MRC represents the sixteenth acquisition completed by Cornerstone since June 2008, and reflects Cornerstone’s philosophy of growing both organically and through acquisition.

Cornerstone is continuing to focus on rapidly growing its business in the Southern California, Denver, Houston, Northeast and Mid-Atlantic markets, and is evaluating entering other attractive growth markets.

About Cornerstone Records Management

Cornerstone Records Management LLC is a full solution RIM partner, operating in select geographies, that helps our customers achieve their operating and compliance objectives in a flexible and responsive manner. Serving a broad customer base, Cornerstone provides a wide range of services including the storage and management of hard copy records, both plant based and mobile document destruction services, electronic media vaulting, and digital imaging. Please visit www.cornerstone-rm.com for additional information.

About Sterling Partners

Sterling Partners is a leading private equity firm with over 25 years of experience partnering with entrepreneurs to build market-leading businesses and generate superior returns. With approximately $4 billion of assets under management, Sterling invests growth capital in industries with positive, long-term trends and provides ongoing support to management through a dedicated team of industry veterans, operators, strategy experts and human capital professionals. Sterling Partners is a leader in education, healthcare and business services and is co-headquartered in Chicago and Baltimore. For more information, please visit www.sterlingpartners.com.
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