The Asgard Group

Principal

Bradford S. Lovette

The founder and principal of Asgard is Bradford S. Lovette. From 1987 to founding Asgard in 1993, Mr. Lovette was a principal and senior officer in Nu-Kote Holdings, a Clayton, Dubilier & Rice leveraged buyout portfolio company with world-wide operations. In addition to general counsel, finance and transaction responsibilities for that LBO, Mr. Lovette worked closely with Martin Dubilier and the CD&R team as senior manager for the LBO’s operations in the U.K., France, Switzerland and Japan, as well as joint ventures between its U.S operations and overseas parties. Prior to those positions, he worked with Mr. Dubilier and the controlling shareholder as Senior Vice President and General Counsel at Applied Devices, an AMEX-listed company from 1978 through 1984. During that period, Mr. Lovette oversaw the acquisition and sale of what subsequently became GTECH, the world’s largest operator of on-line gaming systems. He also participated in the management and lead the sales of operations in defense contracting (includes a segment of the Lockheed stealth program), an operation that developed one of the first on-line POS/credit authorization systems (for SAKS Fifth Avenue and Mobil Oil) and an early computerized oil exploration support business. Mr. Lovette has worked as an entrepreneur in venture capital projects and the international transactions field over the period from 1984 to 1987.

In 1993, Mr. Lovette entered the addictions treatment field when Asgard sponsored the acquisition of The Meadows, an internationally renowned, 70-bed facility in Arizona. Asgard sponsored the acquisition of The Palm Beach Institute, as an Asgard 40-bed addictions model. That same year, he and Pat Mellody, the Executive Director of The Meadows, started Rosewood Womens Center, an internationally recognized treatment facility specializing in acute and subacute Eating Disorder treatment.

Concurrent to the foray into the addictions and speciality behavioral treatment fields, Mr. Lovette headed a group financing a motion picture in 1993 and first undertook the role of producer for a live theatrical project in 2005.

From 1975 through 1978, he was a member of the Tokyo-based international law firm of Ohashi & Matsueda, servicing principally major Japanese corporate clients in a wide range of areas.

Mr. Lovette typically serves as Chief Executive Officer for Asgard's principal portfolio investments.


Associates

Michelle L. Klinedinst, MS, CAC, CEDS

Ms. Klinedinst is the key operational officer for Asgard’s portfolio investments in the eating disorder field. An experienced executive and clinical leader, Ms. Klinedinst developed the unique and highly successful Rosewood continuum of services, including high acuity in-patient treatment, residential partial hospitalization treatment and intensive outpatient treatment. As of the end of 2007, there are four separate Rosewood affiliated treatment locations with several more to come on line by the end of 2008. She joined Rosewood in 2003.

Prior to heading Rosewood, Ms. Klinedinst was Executive Director at Crossroad Centre in Antigua, West Indies from late 2000 to 2002 and prior to that held positions at York College in Pennsylvania.

Dan Dowdle

 

Jay Cohen

Mr. Cohen was the key operational officer for Asgard's portfolio investments in the film production and media fields. Mr. Cohen is currently an associate with the Gersh Talent Agency. In conjunction with Asgard, he founded LightSpeed Media, LLC in 2002. His recent productions include Mad Money (release January 2008) with Diane Keeton, Queen Latifah and Katie Holmes, Two for the Money (2005) Al Pacino, Matt McConaughey, Rene Russo and Jeremy Piven. From 2002 until forming LightSpeed Media in 2005, he was the lead producer for Goldie Hawn, Kurt Russell and Kate Hudson, through their family vehicle, Cosmic Entertainment and prior to that, for Dustin Hoffman and his Punch Production companies from 1995 through 2001. During those periods a sampling of the projects he produced include Wag the Dog (Hoffman and De Niro); A Walk on the Moon (Diane Lane and Viggo Mortensen); Boys and Girls (Freddie Prince, Jr. and Jason Biggs); Devil’s Arithmetic (Kristin Dunst, Brittany Murphy, Mimi Rogers and Hoffman) and Dark Blue (Kurt Russell). In 1993, Mr. Cohen produced his first film, Swimming with Sharks starring Kevin Spacey in his first lead role, with financing support from Asgard. Prior to moving to the film production industry in 1993, Mr. Cohen was an investment management professional in several prominent financial institutions in New York, Boston and Los Angeles.

Dennis I. Bermack

Dennis I. Bermack is a regular investor in Asgard projects and serves on the Board of Directors of both The Palm Beach Institute and LightSpeed Media; he previously served with Mr. Lovette on the Boards of Rosewood and Eating Disorder Center of Denver.

Mr. Bermack retired from Citigroup on March 31, 2002, concluding a 27 year career with that organization. During the last 13 years at Citigroup/Citibank he was a Managing Director/Senior Credit Officer assigned to the Global Relationship Bank's Institutional Recovery Management team overseeing some of the Corporate Bank's largest troubled loans domiciled in Europe, Latin America as well as North America. During this assignment he successfully worked on such notable transactions as Continental Airlines, Varig Airlines (the Brazilian national airline) Kindercare Learning Centers, The Franklin Mint, The Chicago Sun-Times, Eurotunnel and America West Airlines, among others.

In addition, his workout responsibilities extended to membership on Bankruptcy Court approved creditor's committees such as Eastern Airlines, Pegasus Gold, and Integrated Resources in which he chaired the committee. Mr. Bermack has also been intimately involved in numerous corporate acquisitions and divestitures including sourcing the buying group and providing financing to several addiction recovery centers, including The Meadows in Arizona, The Terraces in Pennsylvania and Beach Hill Hospital, in New Hampshire.

After leaving Citigroup, Mr. Bermack established a financial consulting organization, CastleOne Partners, among whose clients was GMAC Commercial Finance Corporation and several domestic and Latin American corporations and buyout groups in crafting and executing acquisitions and buyouts, including International Riding Helmets' acquisition of Lexington Riding Helmets and Intec Performance's bid for various units of Miller's Harness Company.

Albert Poland

Albert Poland now retired, was a theater advisor to Asgard. He was the General Manager for Asgard's Bill W. and Dr. Bob productions in Boston and Off-Broadway in New York.

Mr. Poland has served as General Manager for the Broadway productions of Talk Radio starring Live Schreiber, The Boy from Oz starring Hugh Jackman and the revivals of Glengarry Glen Ross (Tony Award, Live Schreiber), Long Day's Journey into Night, (Tony Award, Best Play), and Gore Vidal's The Best Man as well as Dirty Blonde, The Last Night of Ballyhoo (Tony Award, Best Play), The Grapes of Wrath (Tony Award, Best Play), As Is (Drama Desk Award, Best Play), Little Shop of Horrors (Drama Critics, Drama Desk, Outer Critics, Best Musical), Steve Martin's Piscasso at the Lapin Agile (Drama Desk, Best Play), Uta Hagen in Mrs. Klein, Eileen Heckart in Thee Waverly Gallery, Always Patsy Cline, Steel Magnolias, Sam Shepard's A Lie of the Mind (Drama Critics, Drama Desk, Outer Critics, Best Play), Vanities, David Mamet's A Life in the Theatre, One Mo' Time, The Complete Works of William Shakespeare (Abridged) , The Neon Woman, Tommy Tune Atop the Village Gate, Le My People Come, Stephen Sondheim's Marry Me a Little and Tom Lehrer's Tomfoolery.

Dennis Forte

Mr. Forte had a long career in asset based lending at various commercial banks and finance companies. Since 2000 he has advised the Asgard behavioral health portfolio companies on HUD financing and as an accounts receivable financing advisor, interfacing with banks for commercial financing and providing commercial banking along with A/R analytical advice to portfolio company management. He completed HUD 232 financings for The Meadows (1997) and Rosewood (2007) and numerous commercial bank financings from 2000 through 2007.

Dr. Patrick J. Carnes, Ph.D.

Dr. Patrick J. Carnes, Ph.D. is one of the most prominent nationally known spokespersons and researchers in the field of addiction and recovery issues. He has authored 15 books, including Out of the Shadows: Understanding Sexual Addiction (1992), Contrary to Love: Helping the Sexual Addict (1989), The Betrayal Bond: Breaking Free of Exploitive Relationships (1977),Open Hearts (1999), Facing the Shadow (2001), In the Shadows of the Net (2001), and The Clinical Management of Sex Addiction (2002).

Dr. Carnes and Mr. Lovette worked together at The Meadows for many years where Dr. Carnes lead one of the most highly regarded specialized sex addiction treatment programs in the world. At that time, he pioneered the founding of the Certified Sex Addiction Therapist program that has evolved into a network of local, regional and residential programs which specialize in his treatment approaches.
Since 2006, he has worked with Asgard on developing various for profit sex addiction program models under his branded, Gentle Path treatment of sexual and addictive disorders. Dr. Carnes is currently the Executive Director of a Gentle Path program at the not-for-profit Pine Grove Behavioral Center, in Hattiesburg, Mississippi.

Dr. Carnes holds a Ph.D. in counselor education from the University of Minnesota.

Jacquelyn B. Bolles

Ms. Bolles joined the AsgardHealth management in 2007 and is the key Finance Officer for AsgardHealth. Ms. Bolles' experience in both private and public companies is characterized by a number of high level financial positions where she has been responsible for; corporate financial needs including SEC compliance, 10K and 10Q preparation, Sarbanes-Oxley implementation and compliance, budgeting, forecasting, preparation of financial statements and reporting as well as IT related accounting solutions. Ms. Bolles has worked as a Controller and Director of Finance and Operations within the behavioral health industry for profit and not for profit organizations.



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