MedCath Names Phil Mazzuca Chief Operating Officer
March 14 2006 - 4:45PM
PR Newswire (US)
CHARLOTTE, N.C., March 14 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH) announced today that long-time hospital
executive Phil Mazzuca will join the national provider of
cardiovascular care as Chief Operating Officer. Phil Mazzuca, 46,
comes to MedCath with more than two decades of hospital operations
experience either as a CEO or with regional operations
responsibilities. Most recently, Mazzuca led the Florida and Texas
Division of IASIS Healthcare LLC where he had responsibility for
overseeing six hospitals. Before that, Mazzuca was CEO of Town
& Country Hospital, an IASIS facility. He also has executive
leadership experience in multi-hospital operations for facilities
located in Los Angeles, Miami, Chicago, San Francisco, and
Richmond, Va. Mazzuca will begin with MedCath on March 27. "Phil
has experience running hospitals in a wide range of markets and
competitive environments," said O. Edwin French, MedCath's
President and Chief Executive Officer. "That experience will serve
MedCath well, as Phil builds on our initiatives to improve
operating performance at each of our facilities across the country.
I am delighted that he has agreed to join our executive team." When
Mazzuca assumed his first hospital CEO post, for Coral Gables
(Fla.) Hospital at age 24, he was at the time the youngest hospital
chief administrator in the nation. A native of Chicago, Mazzuca
holds a bachelor's degree in biology from Valparaiso University and
a master's degree in hospital and healthcare administration from
the University of Alabama in Birmingham. "I have been impressed
with MedCath's patient-focused model for a long time," Mazzuca
said. "I am looking forward to helping the company build on its
success and continue to grow through additional partnerships with
hospitals and physicians." 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 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 Parts of this
announcement contain forward-looking statements that involve risks
and uncertainties. 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 contingencies that are
difficult or impossible to predict accurately and are beyond our
control. Actual results could differ materially from those
projected in these forward-looking statements. We do not assume any
obligation to update these statements in a news release or
otherwise should material facts or circumstances change in ways
that would affect their accuracy. These various risks and
uncertainties are described in detail in Exhibit 99.1 to our Annual
Report on Form 10-K filed with the Securities and Exchange
Commission on December 14, 2005. A copy of this report, including
exhibits, is available on the Internet site of the Commission at
< http://www.sec.gov/ >. These risks and uncertainties
include, among others, the impact of legislation proposed to extend
provisions of the Medicare Prescription Drug Improvement Act of
2003 and other healthcare reform initiatives, possible reductions
or changes in reimbursements from government or third party payors
that would decrease our revenue, a negative finding by a regulatory
organization with oversight of one of our hospitals, and changes in
medical or other technology and reimbursement rates for new
technologies. DATASOURCE: MedCath Corporation CONTACT: O. Edwin
French, President and Chief Executive Officer, +1-704-708-6600, or
James Harris, Chief Financial Officer, +1-704-708-6600, both of
MedCath Corporation Web site: http://www.medcath.com/
Copyright
Medcath (NASDAQ:MDTH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Medcath (NASDAQ:MDTH)
Historical Stock Chart
From Jul 2023 to Jul 2024