SANTA ANA, Calif., Nov. 7 After playing apivotal role in helping turn around the fortunes of four Orange County,California acute care hospitals, Bruce Mogel, President and Chief ExecutiveOfficer of Integrated Healthcare Holdings, Inc. (IHHI), is leaving the companyto pursue opportunities outside of IHHI. He will continue to serve as ChiefExecutive Officer of the company until his resignation becomes effective onDecember 31, 2008.
"In his four years with IHHI, Mr. Mogel managed the company through somevery difficult times," said Maurice J. DeWald, Chairman of IHHI's board ofdirectors. "Due in no small part to his efforts, we believe IHHI's hospitalsare on a solid footing for future success. We thank Bruce for his help ingetting the company past its challenging early years and wish him the best inhis future endeavors."
Mr. Mogel and two others founded IHHI in 2004 to acquire four hospitalsformerly owned and operated by subsidiaries of Tenet Healthcare Corporation.Before becoming involved with IHHI, Mogel served in senior managementpositions with several other hospital systems based in Los Angeles andPhoenix.
IHHI, through its subsidiaries, owns and operates acute care hospitals andrelated ancillary health care businesses in Orange County, California. IHHIis committed to providing high quality care to patients in the communities weserve. IHHI can be found on the World Wide Web at http://www.ihhioc.com.
Some of the statements in this release may constitute forward-lookingstatements. Such statements are based on our current expectations and couldbe affected by numerous factors and are subject to various risks anduncertainties discussed in our filings with the Securities and ExchangeCommission, including our annual report on Form 10-K for the year ended March31, 2008, our quarterly reports on Form 10-Q and our periodic reports on Form8-K. Do not rely on any forward-looking statement, as we cannot predict orcontrol many of the factors that ultimately may affect our ability to achievethe results estimated. We make no promise to update any forward-lookingstatement, whether as a result of changes in underlying factors, newinformation, future events or otherwise.
SOURCE Integrated Healthcare Holdings, Inc.