Alpharetta, Georgia, December 20, 2004–Regency Hospital Company is pleased to announce the opening of a new long-term acute care (LTAC) hospital in Greenville, South Carolina. Regency Hospital of Greenville is a 32-bed hospital located within St. Francis Hospital. Regency Hospital of Greenville will provide acute hospital services to patients suffering medically complex conditions, as well as to patients who have suffered recent catastrophic illness or injury and require an extended stay in an acute care environment.

St. Francis Hospital CEO, Valinda Rutledge, stated, “The partnership with Regency Hospital allows St. Francis Hospital to maintain the continuum of care services required by critically ill patients. Regency has proven quality outcomes that make this partnership a good fit with St. Francis’ commitment to patient care.”

“Regency Hospital Company is pleased to be working with St. Francis Hospital,” commented Rod Laughlin, President and CEO of Regency Hospital Company. “We are committed to providing the highest level of acute care to our patients and to bringing a new level of specialized acute care to the people of Greenville and the rest of South Carolina,” Laughlin continued.

Regency Hospital Company has appointed Tim Merritt as CEO of Regency Hospital of Greenville. Mr. Merritt is committed to making Regency Hospital of Greenville a strong and involved member of the community of Greenville. “We are happy to be part of this city and I look forward to providing a hospital that will give people their lives back,” stated Merritt. “This hospital will allow patients who didn’t think they had a chance at getting well to achieve wellness and go home to their families,” he continued.

Regency Hospital Company is a 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
30000 Mill Creek Avenue, Suite 250
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