Joseph W. “Chip” Marshall, III Joins Griffin to Lead Health Care Group

PHILADELPHIA, PA, November 16, 2009 – Griffin Holdings Group announced today that Joseph W. “Chip” Marshall, III has joined as Vice Chairman of Griffin.

Mr. Marshall is a prominent and highly regarded figure in the health care and higher education industries and the Greater Philadelphia business community. He is the former long-time Chairman and CEO of Temple University Health System, one of the largest health care organizations in Pennsylvania. He is also a former Director of Health Partners, a provider-owned Medicaid/Medicare Health Maintenance Organization operating in Greater Philadelphia.

“We look forward to working with Chip,” said Joseph M. Harenza, CEO and Senior Managing Director of Griffin. “He brings a wealth of knowledge and industry expertise to Griffin that will allow us to enhance the services we offer to clients operating in the health care and related industries throughout the Commonwealth, “ said Mr. Harenza. “This is especially important given the current climate and need for health care systems to consolidate, both horizontally and vertically.”

“The firm has an enterprise unlike any other in the region,” said Mr. Marshall. “The fusion of sophisticated investment banking services, legal services and government affairs advisory is unmatched by any other professional services firm.”

“I look forward to joining the platform and working to bring the benefits of its vertically integrated team to businesses in the Greater Philadelphia marketplace and across the Commonwealth,” said Mr. Marshall.

Mr. Marshall has held significant government-appointed positions, including being one of the original appointees to the seven-member Pennsylvania Gaming Control Board, which has jurisdiction over all aspects of the authorization, implementation and operation of slot machines in the Commonwealth.

Mr. Marshall also served on the Medicaid Commission created by Congress and established by The Honorable Michael O. Leavitt, Secretary of the U.S. Department of Health & Human Services, where he advised the Secretary on ways to modernize the Medicaid program to provide high-quality health care to its beneficiaries in a financially sustainable way.

He has also been a member of the Temple University Board of Trustees for nearly 20 years and also serves on the Salus University Board of Trustees.

Mr. Marshall received a B.A. from Temple University in 1975, a J.D. from Temple University School of Law in 1979 and an honorary D.H.L. from Holy Family University in 2005.