MDTH Medcath Corp. (MM)

MedCath Announces Opening of 11th Hospital CHARLOTTE, N.C., Oct. 28 /PRNewswire-FirstCall/ -- MedCath Corporation , a national provider of cardiovascular care, has announced the successful opening of The Heart Hospital of Milwaukee. Located in the city of Glendale, the 32-bed facility opened on schedule and has been accredited by the Joint Committee on Accreditation of Healthcare Organizations. The Heart Hospital of Milwaukee, which is focused on serving the unique needs of patients with cardiovascular disease, covers 66,000 square feet. In addition to 32 inpatient beds, it offers three operating rooms, three catheterization labs, eight day-patient beds and a four-bed emergency department. "We're pleased to partner with some of the area's leading cardiologists and surgeons to provide quality healthcare to residents of the greater Milwaukee region," said John Casey, president and chief executive officer of MedCath. "We have a proven model of healthcare delivery that's made a real difference in all the communities we serve." The Lewin Group, Inc., a nationally recognized consultant to the health and human service industries, last spring released an analysis of publicly available Medicare data for the federal fiscal year 2001 that demonstrates high quality outcomes for MedCath hospitals when compared to peer hospitals across the country. MedCath hospitals on average exhibited a 17.1 percent lower in-hospital mortality rate and shorter lengths of stay for cardiac cases (3.84 days versus 4.81) compared to the peer community hospitals, while discharging, on average, 26.1 percent more cardiac patients to their homes instead of to other facilities or home health agencies. MedCath Corporation, headquartered in Charlotte, N.C., develops, owns and operates hospitals in partnership with cardiologists, cardiovascular surgeons and other physicians. While each of its hospitals is licensed as a general acute care hospital, MedCath focuses on serving the unique needs of patients suffering from cardiovascular disease. Together with its physician partners who own equity interests in them, MedCath owns and operates 11 hospitals with a total of 667 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota, Texas and Wisconsin. Also under development are MedCath's twelfth and thirteenth hospitals, located in San Antonio, Texas; and Lafayette, Louisiana, respectively. In addition to its hospitals, MedCath provides cardiovascular care services in diagnostic and therapeutic facilities located in several states and through mobile cardiac catheterization laboratories. MedCath also provides consulting and management services tailored to cardiologists and cardiovascular surgeons. DATASOURCE: MedCath Corporation CONTACT: John Casey, President & Chief Executive Officer, or James Harris, Chief Financial Officer, of MedCath Corporation, +1-704-708-6600

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