Navigation Links
MedCath Announces Completion of Sale of Dayton Heart Hospital to Good Samaritan Hospital-Dayton
Date:5/19/2008

CHARLOTTE, N.C., May 19 /PRNewswire-FirstCall/ -- MedCath Corporation (Nasdaq: MDTH), its physician partners and Good Samaritan Hospital, Dayton, Ohio, jointly announced today that the parties have completed the sale of Dayton Heart Hospital to Good Samaritan Hospital. Under terms of the transaction, Good Samaritan purchased substantially all of Dayton Heart Hospital's assets for $55.0 million.

Net proceeds to MedCath, after income tax expense related to the gain on sale and liquidation of net working capital retained by the hospital partnership, are anticipated to total approximately $32.0 million. MedCath will use the proceeds for general corporate purposes, including investment in other hospital projects.

Opened in 1999, Dayton Heart Hospital is a 47-bed hospital focused on providing cardiovascular care to the Dayton community. A member of the Premier Health Partners system, Good Samaritan Hospital (Dayton, Ohio) is a 577-bed, full-service teaching facility with a 75-year history that delivers best-in-care cardiovascular, cancer and orthopedics services. Recently, the Joint Commission awarded gold seal certifications to the Good Samaritan's outstanding heart failure, heart attack, breast cancer and artery bypass graft surgery programs. Additionally, HealthGrades, the leading independent quality monitoring organization in the country, named Good Samaritan as a recipient of its 2008 Distinguished Hospital Award for Clinical Excellence, which places it among the top 5 percent of hospitals nationwide.

"We've enjoyed our longstanding relationship with our physician partners in working jointly to provide quality cardiovascular care to the residents in Dayton and nearby communities," said O. Edwin French, MedCath's Presid
'/>"/>

SOURCE MedCath Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. MedCath Names Parker to New Finance Post
2. MedCath Corporation to Present at the Banc of America Securities 2008 Health Care Conference
3. MedCath Corporation Reports Second Quarter Earnings
4. MedCath Corporation to Present at the Deutsche Bank Securities 33rd Annual Health Care Conference
5. MedCath Provides Preliminary Second Quarter Fiscal 2008 Earnings and Updates Fiscal 2008 Outlook
6. Woodrin Woody Grossman Appointed to MedCaths Board of Directors
7. Pamela G. Bailey and Edward R. Casas, M.D. Appointed to MedCaths Board of Directors
8. MedCath Announces Acquisition of Ownership in Arizona Cath Lab
9. MedCath Enters Definitive Agreement to Sell Dayton Heart Hospital to Good Samaritan Hospital-Dayton
10. MedCath Corporation to Present at the Citi 2008 Small and Mid-Cap Conference
11. MedCath Corporation to Present at the Raymond James 29th Annual Institutional Investors Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/30/2015)... ... ... Carey Danis & Lowe comments on a new pretrial order ... court. The court document outlined the judge’s plan to consolidate 26 vaginal mesh lawsuits. ... & Lowe is a personal injury law firm with headquarters in St. Louis. The ...
(Date:6/30/2015)... ... July 01, 2015 , ... Popular review portal ... navigate. By making fundamental changes to the UI, the website hopes to benefit ... “Finding the right website has been getting tougher. People are seeking professional assistance ...
(Date:6/30/2015)... ... 30, 2015 , ... Memphis, TN: Electronic Security Specialists (ESSC) provides ... of their top 20 installing dealers for the first quarter of 2015. ESSC ... on timeliness, service, installation, paperwork and customer satisfaction. , ESSC which formed in ...
(Date:6/30/2015)... ... ... that they have slashed prices across the board for the Phantom of the Opera ... years, “The Phantom of the Opera” has been a hit on musical stages around the ... into a musical by Andrew Lloyd Webber won a Tony Award for “Best Musical." ...
(Date:6/30/2015)... ... 30, 2015 , ... Ticket Down is a reliable source for last minute tickets for ... been packing stadiums across North America in conjunction with their 2015 “Zip Code Tour.” , ... of a band in their twenties. Some of the most beloved songs that this ...
Breaking Medicine News(10 mins):Health News:Carey Danis & Lowe Comments on New Pretrial Order in Vaginal Mesh Lawsuit 2Health News:Carey Danis & Lowe Comments on New Pretrial Order in Vaginal Mesh Lawsuit 3Health News:HerpesDatingSites.org Introduces a New Responsive Design 2Health News:Electronic Security Specialists (E.S.S.C. Inc) Awarded Top Service Provider Award By Monitronics 2Health News:Phantom of the Opera Tickets at The Pantages Theatre in Los Angeles: Ticket Down Has Slashed Prices On All Phantom of the Opera Tickets in LA at The Pantages Theatre 2Health News:The Rolling Stones Tickets in Raleigh at Carter Finley Stadium: Ticket Down Offers Last Minute Tickets for the Rolling Stones and Avett Brothers in Raleigh 2
... , ... the world,s largest expatriate health insurer, has launched a new online portal with expatriate ... ... The new-look bupa-intl.com, launched in August, features weekly columns from medical experts and industry ...
... LOS ANGELES, Sept. 8 Modern American society is filled ... lack of healthy living. In his new book, "Lose Weight, Feel Great: ... ( published by AuthorHouse ), author Kevin Given tells of ... the help of a personal trainer, and how others can change their ...
... , , Doctor Who ... Financial Relationship during NBC Dateline Broadcast , , ... millions of Americans consider taking an H1N1 Swine Flu vaccination, the ... the financial relationship of a leading vaccine advocate and a pharmaceutical ...
... ... award. The award will be used learn how African health care providers are ... to improve acute medical care in Africa. , ... Baltimore, Maryland (PRWEB) September 8, 2009 -- The recent ...
... Jackson & Coker ... Alpharetta, ... over the firm,s Accounting and Finance department, effective August 3. , , , , ... two large, privately held staffing firms is a great asset to our organization," said Sandra ...
... TUCSON, Ariz., Sept. 7 Despite the effects of an uncertain ... Telethon over Labor Day nonetheless totaled $60,481,231 million. , , ... , MDA National Chairman and Telethon star Jerry ... Telethon viewers even during hard times. , , ...
Cached Medicine News:Health News:Bupa International Website Turns Spotlight on Health 2Health News:Bupa International Website Turns Spotlight on Health 3Health News:The Simple ABCs of Weight Loss and Fitness 2Health News:The Simple ABCs of Weight Loss and Fitness 3Health News:Offit's Failure to Disclose Jeopardizes Swine Flu Vaccine Program 2Health News:Offit's Failure to Disclose Jeopardizes Swine Flu Vaccine Program 3Health News:Medical Student Wins Travel Scholarship to Kenya to Study Operative Care in Africa 2Health News:Medical Student Wins Travel Scholarship to Kenya to Study Operative Care in Africa 3Health News:Steven Saslona Named New Controller at Jackson & Coker 2Health News:Jerry Lewis MDA Telethon Achieves $60.5 Million 2
(Date:6/30/2015)... Calif. , June 30, 2015 Velos, ... specialty medicine, continues to grow and add customers who ... 40% of the 62 CTSAs awarded by the National ... research information management. This is among the largest such ... "Our presence in the CTSA community keeps growing as ...
(Date:6/30/2015)... Millar, Inc. , a leader in catheter-based and wireless ... Craig Thummel , President/CEO and member of the ... the Company. The Company also announced its leadership succession ... Management team as his successors. The Board of Directors ... Sales and Marketing, as President, and also a member ...
(Date:6/30/2015)... 2015 Olympus, a global technology leader ... and surgical procedures, among other core businesses, announced ... equipment at no additional charge. Olympus is the ... of guarantee. The service became available to customers ... year. Olympus, Full Service Agreement ...
Breaking Medicine Technology:Velos continues adding CTSA customers - 40% now use Velos products 2Millar, Inc. Announces Leadership Changes 2Millar, Inc. Announces Leadership Changes 3Olympus Introduces Industry-First Next-Day Product Replacement Guarantee for Surgical Business 2Olympus Introduces Industry-First Next-Day Product Replacement Guarantee for Surgical Business 3
Sleeve extends 3mm beyond end, .90mm (20G) probe, 1.4mm (17G) sleeve...
Cannula: .90mm x 28mm (20 G x 1 1/8 in) Handle: 9.3cm (3 5/8 in) long, Flute, .90 x 28mm, vacuum handle [Charles]...
Ideal for short scleral tunnel and trabecular meshwork incisions...
Rounded tip for even incisions reducing post-op astigmatism...
Medicine Products: