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MedCath Enters Definitive Agreement to Sell Dayton Heart Hospital to Good Samaritan Hospital-Dayton
Date:3/24/2008

nce, which places it among the top 5 percent of hospitals nationwide.

"We've had a successful engagement with physician partners in Dayton and have changed the landscape for delivery of heart services in Central Ohio, typical of what happens when MedCath teams up with doctors to raise the bar for hospital care. As we continue to evolve MedCath, focusing on future expansion in markets that equal or exceed national population growth rates is high on our list of preferences," said O. Edwin French, MedCath's President and Chief Executive Officer. He added, "This transaction furthers enhances our already-strong balance sheet so that our foray into acquired acute care hospitals is enhanced. And, with this transaction we also continue to shift the mix of business within our portfolio as we expand heart care but expand the ratio of diversified services faster."

MedCath Corporation, headquartered in Charlotte, N.C., is a healthcare provider focused on high acuity services with the diagnosis and treatment of cardiovascular disease being a primary service offering. Following completion of the divestiture of Dayton Heart Hospital, MedCath will own an interest in and operate nine hospitals with a total of 616 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, South Dakota, and Texas. MedCath is in the process of developing its tenth hospital, which is anticipated to open in fall 2009, in Kingman, Ariz. In addition, MedCath and its subsidiary MedCath Partners provide services in diagnostic and therapeutic facilities in various states.

Parts of this announcement contain forward-looking statements that involve risks and uncertainties, including the closing of an anticipated sale of the assets of Dayton Heart Hospital. Although management believes that these forward-looking statements are based on reasonable assumptions, these assumptions are inherently subject to significant economic, regulatory and competitive uncertainties and con
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SOURCE MedCath Corporation
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