MedCath Corporation Announces Filing of Registration Statement
March 14 2007 - 8:30AM
PR Newswire (US)
CHARLOTTE, N.C., March 14 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH) announced today the filing of a
registration statement with the Securities and Exchange Commission
to register for resale 7,668,741 shares of its common stock held by
investment funds and individuals associated with Kohlberg Kravis
Roberts and Co. and Welsh, Carson, Anderson & Stowe. The shares
may be offered and sold by the selling stockholders from time to
time in one or more transactions. MedCath will not receive any of
the proceeds from sales by the selling stockholders. This news
release is not an offer to sell nor is it a solicitation of an
offer to buy any securities. Any offers, or solicitations to buy,
will be made solely by means of a prospectus filed with the
Securities and Exchange Commission. The registration statement
relating to these securities has been filed with the Securities and
Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. MedCath
Corporation, headquartered in Charlotte, N.C., is a healthcare
provider focused primarily on the diagnosis and treatment of
cardiovascular disease. MedCath focuses on serving the unique needs
of patients suffering from cardiovascular disease. MedCath owns
interests in and operates eleven hospitals with a total of 667
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. Included herein are forward-looking statements,
including statements with respect to an anticipated transaction.
The Company does not undertake any obligation to update
forward-looking information made in this release or any of its
public filings. DATASOURCE: MedCath Corporation CONTACT: O. Edwin
French, President & Chief Executive Officer, +1-704-708-6600,
or James E. 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