Dr. Peter Magaro Of Memory Training Centers Of America Honored By Alzheimer's Foundation
New York Psychologist Discusses MTCA's Vast Expansion and the Overall
Benefits of Computer-Based Memory Training.
- (1888PressRelease) November 26, 2013 - The Long Island Alzheimer's Foundation on Saturday honored Dr. Peter Magaro, founder of the Memory Training Centers of America, at its Annual Remembrance Ball in recognition of his company's vast growth throughout the area and the country and his personal impact on the lives of Long Islanders suffering from Alzheimer's Disease.
Dr. Magaro, a licensed psychologist in the states of New York and Florida, has more than 25 years of experience in the field and has used those skills to develop one of the most successful and innovative brain training services in the country. MTCA has also spread itself throughout Long Island, currently operating 17 separate communities.
Memory Training Centers of America has developed clinical programs that provide patients with consistent, customized, computer-based memory training alongside licensed psychologists and social workers, who provide this one-on-one service. These brain "workouts" consist of a variety of different approaches to building memory muscles, from quizzing users on pre-recorded voicemail messages to identifying inconsistent symbol patterns to matching specific bird calls with a particular bird. These tests follow a thorough cognitive evaluation in an effort to customize treatment for each patient.
The service has already been proven to help age-related brain decline and delay the early onset of Alzheimer's, and the company has grown exponentially as a result. The company has seen considerable growth since its inception in 2002, including a jump in annual revenue from $595,000 in 2007 to nearly $3.8 million this year. That revenue growth has also translated to a vast expansion: Memory Training Centers of America now provides its services in 125 senior living facilities in eight different states throughout the country.
And the growth is expected to continue. This year, MTCA initiated a series of agreements with major senior-living corporations to place Memory Training Centers in their communities around the United States. Those planned partnerships include agreements with Emeritus Senior Living, Brookdale, The Bristal Assisted Living, MBK Senior Living and Arden Courts.
Through this expansion, along with the addition of a new program in Hong Kong and other potential agreements with facilities in China, MTCA expects to see its revenue continue to climb drastically over the next two years. MTCA welcomes investors to help fund this major expansion.
"The growth of The Memory Training Centers of America is a testament to the benefits of our work, which have resonated both throughout Long Island and the country," said Dr. Magaro, principal founder, chief executive officer and director of MTCA. "We're looking forward to this next phase in our business to expand our services even farther and help those suffering from memory loss and the early onset of Alzheimer's."
For more information on The Memory Training Centers of America, visit www.memorytrainingcenters.com.
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