Marwit Capital Acquires Women’s Diagnostic of Texas

Oldest Southern California Private Equity Firm Has New Health Care Services Platform

Newport Beach, CA – October 28, 2005 Marwit Capital today announced it has completed the acquisition of Women’s Diagnostic of Texas (“WDT”).  Founded in Plano, Texas in 1986 by Dr. Timothy Freer, WDT is one of the most successful and respected comprehensive breast care organizations in the country.  Breast cancer is the second leading form of cancer among women with over 220,000 diagnoses annually.  With no known cure and over 40,000 deaths last year, early detection is critical to increasing survival rates.  “We were attracted to WDT because of its innovative ‘Center of Excellence’ model for delivering state-of-the-art comprehensive breast diagnostics” said Matthew Witte, a Marwit Managing Partner.  WDT currently operates 5 clinics in the Dallas – Ft. Worth market, which Marwit intends on utilizing as a platform to expand into several other markets.  Marwit Managing Partner Chris Britt adds “Building on the outstanding health care delivery model that Dr. Freer and his colleagues have developed at WDT, our goal is to create one of the preeminent well woman health organizations in the country.”

To help execute its “buy and build” strategy, Marwit has partnered with Capital Resource Partners V, L.P., and has recruited several top health care executives to the WDT Board including David Steffy, Co-Founder of Intensiva Health, Community Health Systems, Odyssey Health and SemperCare, and Bob Lefton, former CEO of SemperCare and current CEO of Odyssey (NASDAQ: ODSY).  The Company also announced that Jerry Kolb, a leading authority on the development and operations of Comprehensive Breast Care clinics, will join WDT as Chief Operating Officer and Director of New Market Development.

About Marwit Capital
Marwit Capital is one of the oldest and most experienced private equity firms in the U.S. Founded in 1962, Marwit’s investment focus is on “micro-cap” lower middle market companies based in California and the Western U.S., with revenues of $10 to $100 million and enterprise values of less than $50 million. Common transactions include management buyouts, traditional buyouts in partnership with experienced industry executives, recapitalizations, and later stage growth investments. Since 1994, Marwit has completed 26 buyout and growth investments in partnership with proven entrepreneurs and operating managers.  For more information, please visit


Carol Farrell
Marwit Capital