The purchase achieves the goal of the founders and executive management to maintain CMCG as an independent firm amid a growing wave of agency acquisitions by large, publicly-held marketing-services companies.
Founded in 1988, CMCG comprises two wholly-owned subsidiaries: Medicalliance, Inc.
Under the ESOP, all CMCG employees will be awarded shares in the company as a benefit of employment, not by purchase or cash investment.
CMCG is the only company of its kind to be headquartered in the state.
Torroella's guidance, CMCG has evolved into a multi-million dollar medical communications network.
Taylor, a Certified Public Accountant with more than 20 years of experience in financial and health-care management, joined CMCG in 2001 and made an immediate positive impact on the company's infrastructure, processes, and profitability.