Navigation Links
MedCath Corporation Announces Decision to Consider Strategic Options
Date:3/1/2010

CHARLOTTE, N.C., March 1 /PRNewswire-FirstCall/ -- MedCath Corporation (Nasdaq: MDTH) announced today that its Board of Directors (the "Board") has formed a Strategic Options Committee (the "Committee") composed solely of independent directors to consider the sale either of MedCath or the sale of its individual hospitals and other assets. Navigant Capital Advisors ("Navigant") has been retained as its financial advisor to assist the Committee in this process.  Due to this engagement, Dr. Edward R. Casas, a senior managing director of Navigant Capital Advisors, resigned voluntarily from MedCath's Board and will not stand for reelection to MedCath's Board at its upcoming annual stockholders' meeting on March 3, 2010.

There can be no assurance that this process will result in any specific transaction.  This announcement contains forward-looking statements, including statements relating to a possible sale of MedCath or its assets.  There are many factors that would affect MedCath's, the Board's or the Committee's views and decisions regarding these events and material facts and circumstances may change. The Company does not undertake, and specifically disclaims any obligation to update the statements in this release or provide ongoing disclosure regarding the Committee's process.

MedCath, headquartered in Charlotte, N.C., is a health care provider focused on high acuity services with the diagnosis and treatment of cardiovascular disease being a primary service offering.  MedCath owns an interest in and operates ten hospitals with a total of 825 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, South Dakota and Texas.  In addition, MedCath and its subsidiary MedCath Partners provide services in diagnostic and therapeutic facilities in various states.

SOURCE MedCath Corporation

Back to top

RELATED LINKS
http://www.medcath.com

'/>"/>

SOURCE MedCath Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. MedCath Enters Definitive Agreement To Sell Heart Hospital of Austin
2. MedCath Corporation Reports First Quarter Earnings
3. MedCath Receives Licensure and Accreditation for New Hualapai Mountain Medical Center
4. MedCath Names Art Parker Executive Vice President and Chief Financial Officer
5. Jim Deal Appointed to MedCaths Board of Directors
6. MedCath Corporation Reports Third Quarter Earnings
7. MedCath Corporation to Hold Conference Call on Third Quarter Results
8. Jeff Hinton to Leave MedCath
9. MedCath Corporation Reports Second Quarter Earnings and Provides Update to Internal Assessment
10. MedCath Corporation to Hold Conference Call on Second Quarter Results
11. David Covert to Join MedCath as Senior Vice President, Operations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... City, California (PRWEB) , ... February 10, 2016 ... ... Imaging Society (WMIS), known as the World Molecular Imaging Congress (WMIC), will be ... theme for the 2016 meeting is “Imaging Biology…Improving Therapy.” The congress will highlight ...
(Date:2/10/2016)... , ... February 10, 2016 , ... LaserShip, a regional ... to the Food Bank of Eastern Michigan last Friday in order to aid in ... into the Midwest to include a facility located in Clio, only 15 miles away ...
(Date:2/10/2016)... Fort Walton Beach, Florida (PRWEB) , ... February ... ... that the innovative weather-forecasting company is unveiling its revolutionary new 2.0 version at ... new platform, MetLoop has “put the power of the world's most advanced weather ...
(Date:2/10/2016)... (PRWEB) , ... February 10, 2016 , ... ... American Academy of Emergency Medicine , an emergency medicine professional association, ... practice management services . , The American Academy of Emergency Medicine, or AAEM, ...
(Date:2/10/2016)... ... 10, 2016 , ... Emergency rooms provide emergency care to stabilize critical health ... patients with dental emergencies at risk of losing a tooth or their smiles. Dr. ... , Common dental emergencies include:, , Avulsed or knocked-out teeth ...
Breaking Medicine News(10 mins):
(Date:2/10/2016)... PRINCETON, New Jersey and OR AKIVA, ... Regentis Biomaterials Ltd., a leader ... of its Series D investment round on February 5, ... Haisco Pharmaceutical Group ("Haisco"), a leading Chinese pharmaceutical ... Medica Partners, SCP Vitalife Partners, Generali Financial Holdings and ...
(Date:2/10/2016)... SAN DIEGO , Feb. 10, 2016 ALSP, ... Hack , MD as Consultant for Medical Affairs in preparation ... Michael Pierschbacher , PhD, CEO, stated, "We are ... team. We look forward to working with an individual of ... (TBI). We look forward to drawing deeply on his broad ...
(Date:2/10/2016)... , February 10, 2016 ... market research report "Pharmaceutical Packaging Equipment Market by Package ... & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, ... by MarketsandMarkets, studies the global market during the forecast period ... grow at a CAGR of 6.9% during the forecast ...
Breaking Medicine Technology: