MedCath Announces Resignation of Phil Mazzuca, Chief Operating Officer
September 26 2008 - 7:30AM
PR Newswire (US)
CHARLOTTE, N.C., Sept. 26 /PRNewswire-FirstCall/ -- MedCath
Corporation (NASDAQ:MDTH), a healthcare provider focused on high
acuity healthcare services, predominately the diagnosis and
treatment of cardiovascular disease, announced today the
resignation of Phil Mazzuca, Executive Vice President and Chief
Operating Officer since March 2006. Mazzuca will remain with
MedCath for up to 90 days and then assume a post with a private
healthcare company. MedCath also announced that Mazzuca's
responsibilities will be assumed on an interim basis by O. Edwin
French, MedCath's President and Chief Executive Officer and Derek
Morkel, Senior Vice President, Operations. The Company has begun a
search for a Hospital Division President to fill the role vacated
by Mazzuca. "Phil has made many meaningful contributions to MedCath
over the past two and a half years, helping establish a disciplined
system-wide approach to managing operations metrics and enhancing
support for our hospitals. We congratulate him on his advancement,
wish him much success in his new role, and thank him for his
contributions to MedCath," French said. "Our search for a Hospital
Division President is underway, and our efforts will focus on
placing an executive capable of advancing our strategic plans and
goals in this challenging operating environment." Morkel, also with
MedCath for two and a half years, has been responsible for driving
the company's revenue cycle, labor management and supply chain
management improvements during that time. "Increasing Derek's
visibility and responsibilities provides continuity and ensures
there will be no disruption during our search for Phil's
replacement," said French. 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 an interest in and
operates nine hospitals with a total of 676 licensed beds, located
in Arizona, Arkansas, California, Louisiana, New Mexico, South
Dakota, and Texas. MedCath is in the process of developing its
tenth hospital, which is anticipated to open in fall 2009, in
Kingman, Ariz. 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,
+1-704-708-6600, Jeff Hinton, EVP & Chief Financial Officer,
+1-704-708-6600, both of MedCath Corporation Web site:
http://www.medcath.com/
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