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Industry Veterans Rash and Rutledge Launch RegionalCare Hospital Partners to Acquire and Operate Hospitals in Non-Urban Markets
Date:7/15/2009

NASHVILLE, Tenn., July 15 /PRNewswire/ -- Martin S. Rash and John M. Rutledge, hospital veterans with experience operating and managing more than 300 hospitals in 25 states, announced today the formation of RegionalCare Hospital Partners in partnership with Warburg Pincus, a leading global private equity firm. Mr. Rash will serve as Chairman and Chief Executive Officer with Mr. Rutledge as President and Chief Operating Officer. Sam H. Moody will be the senior vice president of operations. Warburg Pincus will invest up to $300 million to support RegionalCare Hospital Partners' strategy of acquiring and operating hospitals in non-urban markets as Warburg Pincus and the executive team find attractive opportunities.

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Mr. Rash previously served as chairman and CEO of Province Healthcare, a NYSE hospital company. He has served as chairman of the Nashville Health Care Council and as Chairman of the Board for the Federation of American Hospitals. He currently serves on the board of HealthSpring, a NYSE company. Mr. Rutledge has spent 25 years in the hospital management field, most recently as President and COO of Province Healthcare.

According to Mr. Rash, "Healthcare in the U.S. is changing rapidly and putting unprecedented pre
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SOURCE RegionalCare Hospital Partners
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