For Immediate Release

Regency Hospital Company Opens Hospital in Springdale, Arkansas

Springdale, Arkansas, September 29, 2004–Regency Hospital Company is pleased to announce the opening of a new Long Term Acute Care (LTAC) hospital located in Springdale, Arkansas. Regency Hospital of Springdale is a 25-bed hospital located within Northwest Medical Center of Washington County. Regency Hospital of Springdale will provide acute hospital services to patients suffering from medically complex conditions, or patients who have suffered recent catastrophic illness or injury and require an extended stay in an acute care environment.

Donnie Frederic, the Administrator of Northwest Medical Center of Washington County, says he is very pleased about Regency coming to Springdale. Mr. Frederic continued, “Regency Hospital will provide a much needed service to Springdale and surrounding communities. The Medical Center chose Regency as the LTAC provider because of its strong commitment to the best clinical program that will achieve good outcomes for our patients. We also like Regency’s commitment to an integrated relationship with Northwest Health System.”

“Regency Hospital Company is pleased to be working with Northwest Health,” commented Mike McLean, CEO of Regency Hospital of Springdale. “We are committed to providing the highest level of acute care to our patients and to bringing a new level of specialized care to the people of Springdale and surrounding areas,” McLean continued.

Regency Hospital of Springdale began taking patients September 29, 2004.

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

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

For more information contact:
Rod Laughlin,
President & CEO
Regency Hospital Company
30000 Mill Creek Avenue, Suite 250
Alpharetta, GA 30022

Reeve Waud, Founder and Managing Partner
Waud Capital Partners, L.L.C.
560 Oakwood Avenue, Suite 203
Lake Forest, IL 60045