Alpharetta, Georgia, July 2003–Regency Hospital Company announced today the appointment of Patrick A. Auman, Ph.D., CEO of its Regency Hospital of Odessa project located in Odessa, Texas as well as a Regional Administrator of the company’s western division of long-term acute care (LTAC) hospitals.

Dr. Auman was recipient of the HCIA/Mercer Award for operating one of the “Top 100 Best-Run Hospitals in the United States,” and brings to Regency eighteen years of experience in the healthcare arena. Prior to joining Regency, Dr. Auman was a Senior Operations Consultant for Catholic Health Initiatives where he was a charter member of the National Performance Management Team and was involved in the overall organizational development of the PM division. Dr. Auman has a great deal of experience in hospital operations improvement and in the development of strategic plans for hospitals and new programs.

“We are honored to have Patrick Auman on board with us at Regency,” commented Rod Laughlin, President and CEO of Regency Hospital Company. “He has a stellar record in hospital operations and strategic development,” Laughlin continued.

Dr. Auman also brings with him experience as a hospital operations improvement consultant in both the for-profit and not-for-profit arenas. His accomplishments have encompassed both the clinical and administrative realms of healthcare operations with a major emphasis on systems re-engineering and program analysis and development.

“Regency offers outstanding clinical outcomes to the patients and communities it serves,” commented Auman. “I am looking forward to introducing the hospital to the West Texas area and making a difference in people’s lives,” he said.

Dr. Auman is not new to LTAC hospitals. He served as Chief Executive Officer of an LTAC located in Minneapolis where he was responsible for increasing profitability, implementing new programs and services for the hospital, and developing and implementing a customer-oriented program which resulted in a significant increase in the level of satisfaction of patients and medical staff.

Dr. Auman received both a Bachelor of Science and a Master of Science from Southern Illinois University in Carbondale. He also received a Credential of Advanced Studies in Hospital Administration from the University of Minnesota-Twin Cities. Additionally Dr. Auman has a Doctorate in Philosophy (Community Health) and is a member of the American College of Healthcare Executives, the AHA and the American Public Health Association.

Regency Hospital of Odessa is a long-term acute care (LTAC) hospital that specializes in treating medically complex patients who have suffered recent catastrophic illness or injury and require an extended length stay, typically longer than 14 days, in an acute care environment.

Regency Hospital Company is a rapidly growing national network of long-term acute care (LTAC) hospitals throughout the United States. For more information on Regency Hospital Company, please visit www.regencyhospital.com.

Regency was formed by Waud Capital Partners, L.L.C. and management to develop and operate LTACs throughout the United States. Founded in 1993, Waud Capital Partners, L.L.C. is a private equity investment firm that partners with management to acquire or develop outstanding middle market businesses. WCP invests in a broad range of companies and industries with strong growth characteristics. More information about the firm can be found at www.waudcapital.com.

For more information contact:
Rod Laughlin, President & CEO
Regency Hospital Company
3159 Royal Drive, Suite 320
Alpharetta, GA 30022
770-772-4345
rlaughlin@regencyhospital.com
www.regencyhospital.com

Reeve Waud, Founder and Managing Partner
Waud Capital Partners, L.L.C.
560 Oakwood Avenue, Suite 203
Lake Forest, IL 60045
847-604-9550
rwaud@waudcapital.com
www.waudcapital.com