Press Release

For Immediate Release

John Watkins Appointed Chief Executive Officer of Regency Hospital of South Atlanta

Alpharetta, Georgia, August 23, 2003–Regency Hospital Company is pleased to announce the appointment of John R. Watkins as Director of Hospital Operations. Mr. Watkins will focus his efforts on the company’s existing hospital operations as well on the implementation of new projects going forward. "John Watkins is an outstanding hospital CEO and has the ability to move into an unfamiliar market, quickly assess its needs, build relationships, develop a team that produces outstanding clinical quality and move the project to profitability with seeming ease," commented Rod Laughlin, President and CEO of Regency Hospital Company. "We are real happy to have him," he continued.

Prior to joining Regency, Mr. Watkins was Executive Director/Chief Executive Officer of a long-term acute care hospital company in the Tampa Bay Area. His responsibilities were those of Group Administrator of a market with three hospitals. Formerly Mr. Watkins was Chief Executive Officer for a Transitional Hospitals Company (THC) in New Orleans where he was able to increase admissions and census by 120% while decreasing the average length of stay by 40%. Additionally Mr. Watkins implemented several new programs to further enhances the hospital’s product offering. He also has experience in successfully preparing long-term acute care hospitals for Joint Commission on Accreditation of Healthcare Organizations (JCAHO). His accomplishments also include a high level of focus in Customer Satisfaction with his New Orleans hospital being awarded #1 in the company for its quality customer satisfaction program. Mr. Watkins was Chief Executive Officer for Transitional Hospitals Company serving as hospital CEO, as well as start up CEO for many of the company's new hospitals.

"Mr. Watkins' strong background in hospital operations, coupled with strong leadership skills, make him an integral part of the Regency team," stated Rod Laughlin.

John Watkins received a Bachelor of Arts degree from Tulane University and a Master of Hospital Administration in Financial Management from Tulane University. He has served as a member of the Board of Directors of both the Metropolitan Hospital Council of New Orleans and Junior Achievement of Greater New Orleans.

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.

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




	For Immediate Release John Watkins Appointed Chief Executive Officer of Regency Hospital of South Atlanta Alpharetta, Georgia, August 23, 2003–Regency Hospital Company is pleased to announce the appointment of John R. Watkins as Director of Hospital Operations. Mr. Watkins will focus his efforts on the company’s existing hospital operations as well on the implementation of new projects going forward. "John Watkins is an outstanding hospital CEO and has the ability to move into an unfamiliar market, quickly assess its needs, build relationships, develop a team that produces outstanding clinical quality and move the project to profitability with seeming ease," commented Rod Laughlin, President and CEO of Regency Hospital Company. "We are real happy to have him," he continued. Prior to joining Regency, Mr. Watkins was Executive Director/Chief Executive Officer of a long-term acute care hospital company in the Tampa Bay Area. His responsibilities were those of Group Administrator of a market with three hospitals. Formerly Mr. Watkins was Chief Executive Officer for a Transitional Hospitals Company (THC) in New Orleans where he was able to increase admissions and census by 120% while decreasing the average length of stay by 40%. Additionally Mr. Watkins implemented several new programs to further enhances the hospital’s product offering. He also has experience in successfully preparing long-term acute care hospitals for Joint Commission on Accreditation of Healthcare Organizations (JCAHO). His accomplishments also include a high level of focus in Customer Satisfaction with his New Orleans hospital being awarded #1 in the company for its quality customer satisfaction program. Mr. Watkins was Chief Executive Officer for Transitional Hospitals Company serving as hospital CEO, as well as start up CEO for many of the company's new hospitals. "Mr. Watkins' strong background in hospital operations, coupled with strong leadership skills, make him an integral part of the Regency team," stated Rod Laughlin. John Watkins received a Bachelor of Arts degree from Tulane University and a Master of Hospital Administration in Financial Management from Tulane University. He has served as a member of the Board of Directors of both the Metropolitan Hospital Council of New Orleans and Junior Achievement of Greater New Orleans. 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 PRINT WINDOW CLOSE WINDOW