MDTH Medcath Corp. (MM)

CHARLOTTE, N.C., May 12 /PRNewswire-FirstCall/ -- MedCath Corporation (NASDAQ:MDTH), a health care provider focused on high acuity health care services, predominantly the diagnosis and treatment of cardiovascular disease, today announced that Art Parker, Senior Vice-President and Treasurer and currently Interim Chief Financial Officer, has been named Senior Vice-President, Finance and Development effective immediately. "In his new role, Art will continue to oversee and direct Treasury and other Finance activities but will also be engaged in the acquisition and transactional pipeline, due diligence and other development matters," according to O. Edwin French, MedCath's President and Chief Executive Officer. "Art has distinguished himself as a capable and engaged executive who has earned the confidence of our partners and bankers, and who has proven himself in several transactions during his time with MedCath. We are developing our bench strength to match our growth ambitions, and Art will be important to that process." Prior to joining MedCath in 2001, Parker worked for Bank of America for 14 years, holding posts related to the management of commercial banking relationships, the development of credit underwriting standards and approvals, and serving as a fixed income bond analyst covering the health care and other industries. He holds a bachelor's degree in business administration from the University of Georgia and an MBA from Wake Forest University, Winston-Salem, N.C. MedCath is nearing a completion of its search for a chief financial officer to fill the post vacated in January. An announcement is expected within the next several weeks. 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. Following completion of the divestiture of Dayton Heart Hospital, MedCath will own an interest in and operate nine hospitals with a total of 616 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, South Dakota and Texas. In addition, MedCath and its subsidiary MedCath Partners manage the cardiovascular program at various hospitals and provide services in diagnostic and therapeutic facilities in various states. DATASOURCE: MedCath Corporation CONTACT: O. Edwin French, President & Chief Executive Officer, or Art Parker, Interim Chief Financial Officer, +1-704-708-6600, both of MedCath Corporation Web site: http://www.medcath.com/

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