MedCath Corporation (MedCath) is a healthcare provider focused primarily on the diagnosis and treatment of cardiovascular disease. The Company owns and operates hospitals in partnership with physicians. It has ownership interests in and operates nine hospitals, including seven, in which it owns a majority interest. Each of its majority-owned hospitals – more... is a freestanding, licensed general acute care hospital that provides a range of health services with a focus on cardiovascular care. Each of its hospitals has a 24-hour emergency room staffed by emergency department physicians. The hospitals, in which the Company has ownership interests have a total of 676 licensed beds and are located in seven states: Arizona, Arkansas, California, Louisiana, New Mexico, South Dakota and Texas. In May 2008, MedCath, sold certain net assets of Dayton Heart Hospital (DHH) to Good Samaritan Hospital. In June 2008, it acquired an additional 14.29% ownership interest in the TexSAn Heart Hospital.
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