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:8/18/2017)... CA & CARMEL, IN (PRWEB) , ... August 18, 2017 , ... ... on its 36th annual list, the most prestigious ranking of the nation's fastest-growing private ... been included in the exclusive Inc. 5000 ranking . This year’s ranking reflects ...
(Date:8/18/2017)... ... August 18, 2017 , ... “Three Narrow Roads”: a vivid and ... of published author, Rev. Dr. Burnett King Sr., is currently the pastor-teacher-visionary at Simply ... the Faith Track Club, Inc., a track-and-field program geared towards youth. , King shares, ...
(Date:8/18/2017)... ... August 18, 2017 , ... “Kingdom Mandate for Kingdom Builders”: ... “Kingdom Mandate for Kingdom Builders” is the creation of published author, John F. ... Eastern Europe as a missionary in 1983. He spent three decades training pastors ...
(Date:8/17/2017)... ... August 17, 2017 , ... Riccobene Associates ... location in Goldsboro, NC to its family of practices. Residents of Goldsboro will ... starting August 15, 2017. , Riccobene Associates Family Dentistry, founded by Dr. ...
(Date:8/17/2017)... MA (PRWEB) , ... August 17, 2017 , ... ... will come together on September 19, 2017 for Anti-Infectives Rx. This off-the-record networking ... B. Martin Conference Center at Harvard Medical School. , Industry leaders and decision ...
Breaking Medicine News(10 mins):
(Date:8/7/2017)... 7, 2017 Zimmer Biomet Holdings, Inc. (NYSE and ... that its Board of Directors has approved the payment of ... of 2017. The cash ... about October 27, 2017 to stockholders of record as of ... of dividends are subject to approval of the Board of ...
(Date:8/4/2017)... -- Agragen, LLC, a Cincinnati -based ... and aquacultural feed sectors, announces a significant step ... AGR131.  This drug is designed to trap and ... patients suffering from inflammatory conditions such as rheumatoid ... Biological pharmaceuticals currently used ...
(Date:8/2/2017)... , Aug. 2, 2017 CaryRx, a next-generation full-service ... delivery service for patients in the Washington D.C. ... retail pharmacy by providing delivery of medications through the convenience ... future delivery or delivered within one hour to any location ... excited to bring this invaluable service to Washington ...
Breaking Medicine Technology: