Corporate Profile for Regency Hospital Company, dated August 16, 2002.

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Published Date:   Aug. 16, 2002

Company Name:     Regency Hospital Company

Address:          3159 Royal Drive, Suite 320
                  Alpharetta, GA 30022  USA

Main Telephone
 Number:          770-772-4345

Internet URL:     www.regencyhospital.com

Chief Executive
 Officer:         Rod Laughlin

Chief Financial
 Officer:         Gene Winters

Investor Relations
 Contact:         Rod Laughlin
IR Telephone
 Number:          770-772-4345
IR E-mail:        [e-mail]

Public Relations
 Contact:         Kelly Laughlin
PR Telephone
 Number:          404-915-6642
PR E-mail:        [e-mail]

Industry:         Healthcare

Company Description: Regency Hospital Company develops hospital-within-hospital LTACs in collaboration with short-term acute care facilities to better serve the needs of the acutely ill, chronic patient. We are dedicated to positive outcomes for the sickest of patients through the care of outstanding physicians and nurses who practice aggressively with compassion and concern.

High nurse-to-patient ratios and 9-11 hours of nursing care per patient per day, combined with the most technologically advanced equipment and an interdisciplinary approach to customized medical care make the difference in successful medical outcomes leading to recovery. Individualized care plans are created to ensure physician orders are carried out 24 hours a day.

RHC's aggressive treatment protocols are uniquely designed to meet each patient's complex medical needs through highly specialized programs which include:

Medically Complex Program

Designed for patients requiring multidisciplinary medical services, this program includes treatment for cancer and infectious disease, dialysis and post surgical recovery. Many patients have complications which may require long-term antibiotic therapy or isolation.

Pulmonary/Ventilator Program

This program provides services to patients who are intubated, whether orally or by tracheostomy, are ventilator dependent, or who require mechanical support to maintain breathing. Patients are evaluated by board certified pulmonogists and respiratory care practitioners, and protocols are developed to meet individual disease-process needs.

Complex Wound Care Program

Our comprehensive wound care program is designed for patients recovering from serious wound complications or extensive surgery, and for patients requiring the management of pressure ulcers. A multidisciplinary team of physicians, physical therapists, registered dietitians and enterostomal nursing professionals provide individualized patient care.

Low Tolerance Rehabilitation Program

Focused on patients unable to tolerate or participate in more than three hours of therapy a day, RHC's rehabilitation services include physical, occupational and speech therapy. Diagnoses include, but are not limited to, cerebral vascular accidents (CVA), chronic obstructive pulmonary disease (COPD), degenerative disease and cardiovascular disease.

In addition, RHC complies with all state licensing requirements, Medicare Conditions of Participation Regulation (42 CFR Part 482) and JCAHO accreditation standards. And we work hand in hand with the host hospital as a partner -- adopting the same pay scales, benefits, and corporate policies.

Compelling Economic Opportunities for Improved Profitability

RHC is dedicated to outstanding clinical outcomes at the lowest possible cost, and offers compelling clinical and economic benefits to the host short-term acute care hospital. As a separately licensed LTAC facility, RHC leases space and pays for medical and ancillary services from the host hospital, allowing retention of acutely ill patients within the hospital's continuum of care. The benefits to the host short-term acute care hospital are significant:

    --  Substantial revenue is recognized from RHC's lease payments
        and purchase of ancillary services

    --  Outlier financial costs are reduced for the most expensive
        patient population

    --  Unreimbursed care costs are reduced

    --  Medically complex patients are retained within the host
        hospital's delivery system, and are transferred back to short
        term care as warranted by medical conditions

    --  Physicians can easily follow their patients, as the LTAC is
        located on site

    --  Seamless integration is convenient for patients and their
        families, as they remain in familiar surroundings with
        familiar faces

    --  Clinical outcomes are enhanced through a partnership of
        synergistic medical practices

Regency Hospital Company is funded by Waud Capital Partners located in Chicago, Illinois. More information on Regency Hospital can be found at: www.regencyhospital.com.