MDTH Medcath Corp. (MM)

CHARLOTTE, N.C., June 29 /PRNewswire-FirstCall/ -- MedCath Corporation (NASDAQ:MDTH) announced the following additions to its senior management team: Derek Morkel, 39, has joined MedCath as Senior Vice President, Operations. Mr. Morkel will lead MedCath's Hospital Division's managed care contracting, purchasing and revenue cycle initiatives. Prior to joining MedCath, Mr. Morkel served as Chief Executive Officer for H2i, Inc., a company that he founded that provided business intelligence, technology and staffing solutions to the healthcare industry. Mr. Morkel also served as Operations Chief Financial Officer for IASIS Healthcare Corp, where he was responsible for all financial operations for IASIS's 15 hospitals. Jay Hornung, 37, has joined MedCath as Vice President, Construction and Design. Mr. Hornung will oversee MedCath's development and construction of new facilities as well as its expansion of existing hospitals. Prior to joining MedCath, Mr. Hornung served as Assistant Vice President, Construction and Facilities for Universal Health Services, Inc. At Universal Health Services, Inc., Mr. Hornung was responsible for overseeing the development and construction of acute care and behavioral health facility projects. Dolores Horvath, 58, has joined MedCath as Regional Vice President, Operations. Ms. Horvath will oversee MedCath's hospitals located in the western United States as well as MedCath's joint ventures with community hospitals, including its relationships with Benefis Healthcare, Great Falls, Montana, and The Methodist Medical Center of Illinois, Peoria, Illinois. Prior to joining MedCath, Ms. Horvath served as Interim Chief Executive Officer, Maryvale Hospital, Phoenix, Arizona. Ms. Horvath also served as President of IASIS Healthcare's Arizona market, where she had responsibilities for overseeing three hospitals, and as Chief Executive Officer for St. Luke's Medical Center, Phoenix, Arizona. She has also served as Vice President Operations and Chief Nurse Executive at other healthcare facilities. "I am pleased to welcome Derek, Jay and Dolores to MedCath's senior management team," said O. Edwin French, MedCath's President and Chief Executive Officer. "They bring immense operational and development experience that will be beneficial as we continue to more efficiently manage our operations, grow through joint ventures with community hospitals and expand certain of our existing facilities. They are superb additions to our team and I am glad to welcome them aboard." MedCath Corporation, headquartered in Charlotte, N.C., is a healthcare provider focused on the diagnosis and treatment of cardiovascular disease. MedCath focuses on serving the unique needs of patients suffering from cardiovascular disease. MedCath currently owns interests in and operates twelve hospitals with a total of 727 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota, and Texas. In addition, MedCath manages the cardiovascular program at various hospitals operated by other parties. Further, MedCath provides cardiovascular care services in diagnostic and therapeutic facilities located in various states. Parts of this announcement contain forward-looking statements that involve risks and uncertainties. Although MedCath 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. MedCath's actual results could differ materially from those projected in these forward-looking statements. MedCath does 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 "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations- Risk Factors and Forward Looking Statements" in MedCath's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2006. A copy of this report is available on the Internet sites of the Securities and Exchange Commission at http://www.sec.gov/. DATASOURCE: MedCath Corporation CONTACT: O. Edwin French, President and Chief Executive Officer, +1-704-708-6600, or Phil Mazzuca, Chief Operating Officer, +1-704-708-6600, both of MedCath Corporation Web site: http://www.medcath.com/

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