Continucare Appoints Executive Vice President of Operations.

Business Editors/Health/Medical Writers

MIAMI--(BUSINESS WIRE)--Feb. 24, 2004

Continucare Corporation (AMEX:CNU) announced today that it has appointed Patrick M. Healy Executive Vice President - Operations.

Mr. Healy has over 15 years healthcare management experience. He has held senior management positions with Mayo Health Plan, Inc., Cleveland Clinic Florida Health Plan and The Travelers Insurance Company. Mr. Healy received both a MBA and BBA degree from Stetson University.

Commenting on the appointment, Richard C. Pfenniger, Jr., Continucare's Chief Executive Officer said, "Establishment of a talented and dedicated management team is essential to any organization's success. With the appointment of Patrick Healy as Executive Vice President - Operations, we have significantly strengthened our management team. Patrick Healy is a very talented health care executive and we are extremely pleased to have him join our organization."

Continucare Corporation (http://www.continucare.com), headquartered in Miami, Florida, is a holding company with subsidiaries engaged in the business of providing outpatient physician care services through managed care, Medicare direct and fee for service arrangements.

Except for historical matters contained herein, statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors and others are cautioned that forward-looking statements include risks and uncertainties, which may affect our business and prospects and cause actual results to differ materially from those set forth in the forward-looking statements. These factors include, without limitation, our ability to service our indebtedness and respond to capital needs, the ability to achieve expected levels of patient volumes and control the costs of providing services, pricing pressures exerted on us by managed care organizations as they seek to contain health care costs, the level of payment we receive from governmental programs and other third party payors, the ability to attract and retain qualified medical professionals, future legislation changes in governmental regulations, including possible changes in Medicare programs that may impact reimbursements to health care providers and insurers, technological and pharmaceutical improvements that increase the cost of providing, or reduce the demand, for health care, changes in revenue mix and the ability to enter into and renew managed care provider arrangements on acceptable terms, delays in receiving payments, the collectibility of uninsured accounts and deductible and co-pay amounts, general economic conditions and uncertainties generally associated with the health care business. These and other applicable risks, cautionary statements and factors that could cause actual results to differ from our forward-looking statements are included in our annual report on Form 10-K for the fiscal year ended June 30, 2003 and other filings with the SEC. We undertake no obligation to update or revise these forward-looking statements to reflect events or circumstances after the date hereof.