MedCath Announces The Divestiture Of The Heart Hospital Of Milwaukee

CHARLOTTE, N.C., Nov. 8 /PRNewswire-FirstCall/ -- MedCath Corporation said today that The Heart Hospital of Milwaukee, which is jointly owned by MedCath and local physicians, has reached a definitive agreement to close the hospital and sell its assets to Columbia St. Mary's, a Milwaukee-area hospital system. The Heart Hospital of Milwaukee includes 32 inpatient beds, three operating suites, three cardiac catheterization laboratories and an emergency department. The hospital opened in October 2003.

"Over the past year, we have focused our efforts on establishing The Heart Hospital of Milwaukee as a leading provider of cardiovascular care in the Milwaukee area," said John Casey, MedCath's Chairman, President and Chief Executive Officer. "At this point, we believe that it is in the best interest for MedCath and the hospital's physician partners for us to divest the facility."

MedCath Corporation, headquartered in Charlotte, N.C., develops, owns and operates hospitals in partnership with physicians, most of whom are cardiologists and cardiovascular surgeons. While each of its hospitals is licensed as a general acute care hospital, MedCath focuses on serving the unique needs of patients suffering from cardiovascular disease. Together with its physician partners who own equity interests in them, MedCath owns and operates 12 other hospitals with a total of 727 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota and Texas. In addition to its hospitals, MedCath provides cardiovascular care services in diagnostic and therapeutic facilities located in various states and through mobile cardiac catheterization laboratories. MedCath also provides consulting and management services tailored to cardiologists and cardiovascular surgeons.

MedCath Corporation

CONTACT: John Casey, Chairman, President & Chief Executive Officer,+1-704-708-6600, or James Harris, Chief Financial Officer, +1-704-708-6600,both of MedCath Corporation

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