For Immediate Release

Regency Hospital Company Opens Hospital in Hattiesburg, Mississippi

Alpharetta, Georgia, November 28, 2003–Regency Hospital Company today announced the opening of its newest hospital, Regency Hospital of Hattiesburg located in Hattiesburg, Mississippi. Regency Hospital, a 33-bed hospital located within Forrest General Hospital, is a long-term acute care (LTAC) hospital that treats medically complex patients who have suffered recent catastrophic illness or injury and require an extended length of stay in an acute care environment.

“We are delighted to be working with Forrest General. They are such a critical part of the community here in Hattiesburg. We are honored to have a relationship with them,” commented Rod Laughlin, President and CEO of Regency Hospital Company. Bill Oliver, CEO of Forrest General stated, “We are excited about the opening of Regency Hospital of Hattiesburg which will expand the continuum of care available on our campus to allow us to better meet the healthcare needs of our community.”

Regency Hospital Company has appointed Mr. Jim Kaigler, Chief Executive Officer of the hospital. “Jim Kaigler is an excellent administrator. His vast healthcare experience coupled with his knowledge of this level of care make him an excellent fit for this market,” stated Mr. Laughlin. “Mr. Kaigler is highly experienced in hospital operations and will guide the hospital in creating an outstanding clinical LTAC program,” he continued.

The hospital began taking patients on Monday, November 17th. A grand opening celebration is being planned to introduce the hospital to the healthcare community in the next few months.

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

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