Last updated on April 24, 2014 at 17:35 EDT

Pamela Bailey and Jim Deal to Retire From MedCath Board of Directors

November 19, 2012

CHARLOTTE, N.C., Nov. 19, 2012 /PRNewswire/ — MedCath Corporation announced today that Pamela Bailey and Jim Deal will retire as Directors effective December 17, 2012. Bailey, who serves as President and Chief Executive Officer of The Grocery Manufacturers Association, joined the MedCath Board in April 2008. Deal, President and Chief Executive Officer of Hospice Compassus, joined the MedCath Board in August 2009.

“Pam and Jim have been engaged and energetic Board members since they were first appointed to the Board,” said John T. Casey, MedCath Chairman of the Board. “They have provided immense guidance to the development and completion of the company’s strategic plans, been wise and thoughtful decision makers, and provided significant expertise helpful to the operation and completion of the sale of MedCath’s assets. We thank them for the service and wish them the best of luck both personally and professionally.”

Today’s announcement will reduce the size of MedCath’s board to four directors.

About MedCath

MedCath Corporation, headquartered in Charlotte, N.C., was a health care provider focused on high acuity services with the diagnosis and treatment of cardiovascular disease being a primary service offering. Having now divested all of its hospitals and filed for dissolution, MedCath is focused on realizing the value of its remaining immaterial assets, making tax and regulatory filings, winding down its business affairs, managing its known and unknown contingencies, and seeking to make distributions, if any, to its stockholders as part of its plan of dissolution.

SOURCE MedCath Corporation

Source: PR Newswire