August 30, 2014 6:37 AM ET

Healthcare Providers and Services

Company Overview of MedCath Corp.

Company Overview

MedCath Corporation, together with its subsidiaries, engages in the ownership and operation of hospitals in partnership with physicians in the United States. The company focuses primarily on providing acuity services, including the diagnosis and treatment of cardiovascular disease. As of November 11, 2011, MedCath Corporation owned and operated 2 hospitals with a total of approximately 159 licensed beds, located in California and Texas. The company was founded in 1996 and is headquartered in Charlotte, North Carolina.

10720 Sikes Place

Suite 300

Charlotte, NC 28277

United States

Founded in 1996

272 Employees



Key Executives for MedCath Corp.

President and Chief Financial Officer
Senior Vice President of Operations
Age: 58
President of the Management Business and Cardiology Consulting
Age: 54
President of the Hospital Division
Age: 63
Chief Clinical & Compliance Officer and Senior Vice President
Age: 61
Compensation as of Fiscal Year 2014.

MedCath Corp. Key Developments

MedCath Corp. Announces Management Changes, Effective December 17, 2012

MedCath Corp. announced that Art Parker will retire as president, CEO and as a member of the Board of Directors effective December 17, 2012. MedCath CFO, Lora Ramsey, will become the new president while retaining the CFO title. Ramsey joined MedCath in 2006 and has served as CFO since 2011. Parker joined MedCath as treasurer in 2001, after serving in various positions at Bank of America. Parker became CFO in 2009 and has been MedCath's president and CEO since 2011.

Pamela Bailey and Jim Deal to Retire from MedCath Corp.'s Board of Directors

MedCath Corp. announced that Pamela Bailey and Jim Deal will retire as directors effective December 17, 2012. Bailey, who serves as President and Chief Executive Officer of The Grocery Manufacturers Association, joined the MedCath Board in April 2008. Deal, President and Chief Executive Officer of Hospice Compassus, joined the MedCath Board in August 2009.

MedCath Announces Filing Of Certification On Form 15

MedCath Corp. announced that it intends to file with the Securities and Exchange Commission (the SEC) on or before October 30, 2012, a Certification and Notice of termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 (the Exchange Act) or Suspension of Duty to File Reports under Sections 13 and 15(d) of the Exchange Act on Form 15. The Company is filing the Form 15 to terminate the registration under section 12(g) of the Exchange Act of both the Company's common stock, $.01 par value (the Common Stock), and the preferred stock purchase rights attached to the Common Stock. The Company is also filing the Form 15 to notify the SEC of the suspension of the Company's periodic reporting obligation under Section 15(d) of the Exchange Act as to its fiscal year beginning October 1, 2012, as of which date the Company had fewer than 300 security holders of record. The Company is not obligated to and will not file current and periodic reports with the SEC for its current fiscal year and does not expect to be obligated to do so in any subsequent fiscal year, but the Company is obligated to file an Annual Report on Form 10-K for its previous fiscal year, which ended September 30, 2012. The Company expects to file that Annual Report on December 14, 2012. The Company previously filed a Certificate of Dissolution with the Delaware Secretary of State (the Dissolution Filing) that became effective as of 5:00 p.m., Eastern Time, September 21, 2012. The NASDAQ Stock Market LLC (NASDAQ) filed with the SEC on September 21, 2012 a Notice of Removal from Listing and/or Registration on Form 25 to delist the Company's common stock from NASDAQ.

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