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Glenmark Holding

Mark R Nesselroad

Mark R. Nesselroad

Chief Executive Officer, Founder, and Co-Owner of Glenmark Holding Limited Liability Company

As CEO, Mr. Nesselroad has overall management responsibility for the company, its operating divisions, affiliates, and subsidiaries.  In 2016, Mark celebrates 32 years in business.  He launched his first business venture in 1984 with the purchase of The Willows Nursing Home in Parkersburg, WV.  By 1995, as CEO and co-founder, Mark had grown Glenmark Associates, Inc. into the largest nursing home and related ancillary service company in West Virginia.

In addition to the operation of these facilities, Glenmark was a pioneer in West Virginia healthcare with over $94 million in construction, renovation, and operation of health-related assets.  The company founded, constructed, and operated what is still today the largest institutional pharmacy in West Virginia, which is now owned and operated by CVS Health Corporation’s wholly-owned Omnicare Inc.  Furthermore, Mr. Nesselroad was a leader in the development of state and national reimbursement policy and payment for medicare and medicaid.

In 1995, Glenmark Associates, Inc. merged its healthcare holdings with The Multicare Companies, Inc. (NYSE: MUL), while retaining its real estate development and construction arms, Glenmark Holding LLC and Glenmark Corp.  During the two-year time span from 1995 through 1997, Mr. Nesselroad served as both CEO of Glenmark Holding LLC and Sr. Vice President of Acquisition and Development for The Multicare Companies, Inc., a NASDAQ Exchange Company.  In 1997, Multicare sold its stock to Genesis Health Ventures.  This sale allowed Mr. Nesselroad to focus and devote all his talents on the growth and expansion of Glenmark and its development, acquisition, leasing, and consulting ventures.

Mr. Nesselroad’s visionary approach and innate ability to always move forward have transpired into the continued success of the company.  Glenmark Holding LLC has grown from $23.3 million in assets in 2000 to over $222 million in 2015 with currently over 1 million square feet of owned/leased properties.  The company boasts an average annual growth rate of 12% from 2000 to 2014.  Mark R. Nesselroad and Glenmark have made a responsible and innovative impact on the community.

Glenmark’s healthcare background and operational experience faciliated the development of WVU Medicine’s Ruby Office Complex (with data center), Sleep Evaluation Center, and Healthy Minds Center, plus Med Express’ original national headquarters (including data center), original urgent care facility, and four additional urgent care facilities.  In addition, Glenmark and Mr. Nesselroad have developed, owned, and managed numerous buildings and complexes of all types (office, government, warehouse, light industrial and manufacturing, retail, shopping center, business park, flex, mixed-use, residential, student housing, recreational, land, etc.).

In 2015, WVU students moved into a $90 million state-of-the-art on-campus residence hall, apartment, and retail complex known as University Park, made possible via a public-private partnership with West Virginia University.  In 2000, Mark’s visualization of what the Morgantown’s Wharf District could become began to turn into a realization.  Through responsible development, the company transformed a run-down area into a profitable and aesthetically pleasing district.  The former United Center (now Suncrest Center), located at 1085 VanVoorhis Road, Morgantown, WV is an excellent example of efficient use of costly acreage.  This class A high-rise structure provides a much needed 78,500 square feet of business space in a densely populated section of town.  With the Cheat Lake area of Morgantown becoming more densely populous, Mark recognized a mounting need for retail opportunity; henceforth the Glenmark Centre.  Completed in 1999, this Glenmark project was the first large-scale shopping area to be constructed in Monongalia County.  The Sabraton area of Morgantown continues to be grown and enhanced through Mark and Glenmark Holding; the latest improvements being the USDA/GSA professional offices, the former MedExpress national headquarters (now administrative facility), and the Suburban Extended Stay Hotel.

In 2016, Mr. Nesselroad received the Morgantown Area Chamber of Commerce’s Earl L. Core Award for his community leadership and service, which is the Chamber’s most prestigious honor.  Mr. Nesselroad is responsible for the inception of the ever-evolving Mylan Park, a community non-profit recreational and educational campus.  He served as Board President of the Park from its start in April of 2000 and held that role through enormous growth over the next nine years.  Mylan Park is currently the largest and most diverse special event venue in North-Central West Virginia, and Mark continues to serve as a board member of the Park. Additional awards/recognitions include: Morgantown Citizen of the Year (2000), MACC Visionary of the Year (2001), WV Governor’s Service Award (2002), Mylan Park Foundation, Inc’s Milan Puskar Award (2008), Mylan Park Foundation, Inc.’s inaugural George R. Farmer, Jr. Award (2016), and WV Executive Sharp Shooter (2017).

Mr. Nesselroad also serves on the Board of Directors and Executive Committee, while chairing the Risk Committee, of United Bankshares Inc.  He also serves on the Board of Directors, Executive Committee, and as chairman of the Finance Committee for the WV United Health System.  A Morgantown native, Mark is married to his wife Peggy; they have two adult children and two grandchildren.