MedCath Announces O. Edwin French to Retire as President and CEO, CFO Art Parker Will Become CEO

MedCath Corporation (Nasdaq: MDTH) announced today that O. Edwin French will retire as president, Chief Executive Officer and as a member of the Board of Directors effective Friday, September 23, 2011. Art Parker will become Chief Executive Officer after serving as Chief Financial Officer, and MedCath Controller Lora Ramsey will become the new Chief Financial Officer.

Parker joined MedCath in 2001 after serving in various positions with Bank of America, and he became Executive Vice President and CFO in 2009. Ramsey has served as served as MedCath's Vice President – Controller since 2006.