Pamela G. Bailey and Edward R. Casas, M.D. Appointed to MedCath's Board of Directors
April 07 2008 - 8:30AM
PR Newswire (US)
CHARLOTTE, N.C., April 7, 2008 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH) announced today that Pamela G. Bailey and
Edward R. Casas have been appointed to its Board of Directors. Ms.
Bailey, currently President and Chief Executive Officer for
Personal Care Products Council, brings significant leadership and
health care policy experience to the MedCath Board of Directors.
She has served as President and Chief Executive Officer of Advanced
Medical Technology Association, a Washington, D.C.-based trade
association and the largest medical technology association in the
world. In addition, she was founding Chief Executive Officer and
President of Healthcare Leadership Council, an association of over
50 health care industry chief executives, and served as President
of National Committee for Quality Health Care, a leader and
advocate for market-based health care reforms in the national
health care debates of the 1990s. She also served in the White
House for three United States Presidents: Ronald Reagan, Gerald
Ford and Richard Nixon. Dr. Casas, currently Managing Director and
Co-Head of Navigant Capital Advisors, brings considerable financial
and capital markets experience and knowledge to the MedCath Board
of Directors. He currently oversees the Investment Banking,
Restructuring, Valuation and Transaction Services practice areas
that provide advisory support for Navigant clients. He served as a
member of Navigant Consulting, Inc.'s (NYSE:NCI) Senior Management
Committee. Previously, he was a founding Member and Senior Managing
Director of Casas, Benjamin & While, LLC, a leading boutique
mergers, acquisitions, private equity and financial restructuring
firm. He also served as President and Chief Executive Officer of
PrimeCare International, Inc. and as Vice President, Mergers and
Acquisitions, for Caremark International, Inc. He served in the
United States Navy, U.S. Marine Corps. as a Flight Surgeon. "We are
extremely pleased to add the experience and leadership of Ms.
Bailey and Dr. Casas to our Board of Directors," said Board
Chairman John Casey. "They each possess considerable qualities and
attributes that make them ideal directors for MedCath. I welcome
them to the Board." The new board members will begin serving
immediately. Also, Edward A. Gilhuly has retired from the board.
Mr. Gilhuly has been a director since August 1998. In January 2006,
Mr. Gilhuly became a member of Sageview Capital LLC. Prior to that,
he was an executive of Kohlberg Kravis Roberts and Co., L.P. and a
general partner from January 1995, before becoming a member of the
limited liability company which serves as the general partner of
KKR in January 1996. Mr. Gilhuly was managing director of Kohlberg
Kravis Roberts & Co. Ltd., the London-based affiliate of KKR,
prior to forming Sageview. "Mr. Gilhuly has helped MedCath grow
considerably during his nearly 10 years on the Board, and we are
incredibly grateful for the insight and leadership he provided,"
Casey said. MedCath Corporation, headquartered in Charlotte, N.C.,
is a healthcare provider focused on high acuity services with the
diagnosis and treatment of cardiovascular disease being a primary
service offering. MedCath owns interests in and operates ten
hospitals with a total of 663 licensed beds, located in Arizona,
Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota,
and Texas. In addition, MedCath and its subsidiary MedCath Partners
provide services in diagnostic and therapeutic facilities in
various states. DATASOURCE: MedCath Corporation CONTACT: O. Edwin
French, President & Chief Executive Officer, MedCath
Corporation, +1-704-708-6600 Web site: http://www.medcath.com/
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