Triad Finalizes Venture with Deaconess Hospital.

PLANO, Texas -- Triad Hospitals, Inc. (the "Company" or "Triad") (NYSE:TRI) finalized an agreement today with Deaconess Health Care Corporation ("DHCC") to form a venture to operate Deaconess Hospital ("Deaconess"), a 313-bed not-for-profit hospital in Oklahoma City. The new venture, 80%-owned by Triad and 20% by DHCC, assumes responsibility today for the hospital's ongoing operations.

"We are excited about the opportunity to be associated with such an outstanding institution and look forward to working with the Oklahoma City community to ensure that Deaconess continues as a strong provider," said James D. Shelton, Triad Chairman and CEO. "I have been impressed with the quality of physicians, hospital leadership, employees, and volunteers and believe that our common values will make this a very successful venture." In addition to Deaconess, Triad operates three other facilities in Oklahoma -- SouthCrest Hospital in Tulsa, Claremore Regional Hospital in Claremore, and Woodward Regional Hospital in Woodward.

Triad, through its affiliates, owns and manages hospitals and ambulatory surgery centers in small cities and selected larger urban markets. The Company currently operates 53 hospitals and 14 ambulatory surgery centers in 15 states with approximately 8,650 licensed beds. In addition, through its QHR subsidiary, the Company provides hospital management, consulting and advisory services to more than 200 independent community hospitals and health systems throughout the United States.

This press release contains forward-looking statements based on current management expectations. Numerous factors, including those related to market conditions and those detailed from time-to-time in the Company's filings with the Securities and Exchange Commission, may cause results to differ materially from those anticipated in the forward-looking statements. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict. These statements are subject to risks and uncertainties and, therefore, actual results may differ materially. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. All references to "Company," "Triad," and "Triad Hospitals, Inc." as used throughout this document refer to Triad Hospitals, Inc. and its affiliates.