Health Grades, Inc. To Webcast Investor Day Presentations

Health Grades, Inc. (Nasdaq: HGRD), the leading healthcare ratings company, today announced that management will webcast its Investor Day event on Thursday, December 7, 2006 from 10:00 a.m. MT to 2:00 p.m. MT.

The following members of management will provide an in-depth look at the Company’s business areas and strategy:

Kerry Hicks, President and CEO

Allen Dodge, Executive Vice President and CFO

Sarah Loughran, Executive Vice President

Steve Wood, Executive Vice President

David Hicks, Executive Vice President

Kirk Schreck, Senior Vice President — Provider Sales

A live webcast and a copy of the presentation will be available in the investor relations section of the Company’s website at www.healthgrades.com. To access the live webcast, visit the company’s website at least 15 minutes prior to the scheduled start time to download any necessary audio or plug-in software. An audio replay of the webcast and a copy of the presentation will be available for 90 days.

About HealthGrades

Health Grades, Inc. (Nasdaq: HGRD) is the leading health care ratings company, providing quality ratings and profiles of hospitals, nursing homes and physicians to consumers, corporations, health plans and hospitals. HealthGrades’ independent ratings and complete suite of health-management tools are relied upon by three million consumers each month as well as more than 125 of the nation’s largest employers and health plans and more than 250 hospitals. More information on the company can be found at www.healthgrades.com.