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Triad Finalizes Joint Venture with Physicians to Acquire St. Joseph Hospital.

PLANO, TX -- Triad Hospitals, Inc. (the "Company" or "Triad") (NYSE:TRI) announced that it has closed a transaction to form a joint venture to own and operate St. Joseph Hospital ("St. Joseph"), a 231-bed hospital in Augusta, Georgia. The new venture, owned approximately 65% by an affiliate of Triad and approximately 35% by members of the hospital's medical staff, assumes ownership of the existing hospital, and a Triad affiliate will manage the day-to-day operations. Terms of the transaction were not disclosed.

On October 30, 2006, Triad issued guidance for fourth quarter 2006 diluted earnings per share from continuing operations of $0.54-0.59; this guidance incorporates the impact of St. Joseph.

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 (including one under construction) and 12 ambulatory surgery centers in 17 states with approximately 9,790 licensed beds. In addition, through its QHR subsidiary, the Company provides consulting, education, intensive resources and management services to 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.
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Publication:Business Wire
Date:Nov 1, 2006
Words:335
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