For Immediate Release

Gary Mecklenburg Elected To Board Of Directors Of Regency Hospital Company

Atlanta, Georgia, May 1, 2002–Regency Hospital Company announces that Gary A. Mecklenburg, President and CEO of Northwestern Memorial HealthCare and immediate Past Chairman of the American Hospital Association, has been elected to its Board of Directors. Mr. Mecklenburg joined Northwestern Memorial in 1985 and has led the organization through a period of tremendous growth, including the development of its totally new facilities. Northwestern was recently ranked as one of the top five hospitals in the country. “We are very pleased to have an individual with Gary’s healthcare experience and leadership join our Board,” commented Rod Laughlin, President & CEO of Regency Hospital Company. “Gary’s dedication to the quality of clinical care and services to patients at Northwestern Memorial parallels Regency’s dedication to providing quality outcomes for our patients and host hospitals alike.”

“As someone who manages a major healthcare institution, I know the value of a provider that delivers superior financial and clinical results, and Regency is doing just that,” said Mecklenburg. He continued, “The Company’s commitment to a true partnership with its host hospitals and meeting all their needs was a major factor in my decision to join the Board.”

Regency hospitals provide specialized treatment for chronically ill acute level patients whose severity of illness requires that they receive acute level care for an extended period of time. Many of these patients have complex medical conditions and may require life support. Regency is a leading developer and operator of long-term acute care (LTAC) hospitals in the United States. The Company collaborates with medical surgical hospitals to operate separately licensed LTAC hospitals within their facilities providing high quality solutions for the hospital’s medically complex patients. More information about Regency is available at www.regencyhospital.com or www.ltac.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

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