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MedCath Corporation Announces Stock Repurchase Program

Thursday, November 15, 2007 General News
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CHARLOTTE, N.C., Nov. 14 MedCath Corporation(Nasdaq: MDTH), a healthcare provider focused on high acuity healthcareservices including the diagnosis and treatment of cardiovascular disease,today announced its Board of Directors has approved a stock repurchase programof up to $59.0 million. The purchases will be made from time to time in theopen market or in privately negotiated transactions in accordance withapplicable federal and state securities laws and regulations. The extent towhich the Company repurchases its common shares and the timing of suchrepurchases will depend upon stock price, general economic and marketconditions and other corporate considerations. The repurchase program may bediscontinued at any time.
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MedCath Corporation, headquartered in Charlotte, N.C., is a healthcareprovider focused on high acuity services with the diagnosis and treatment ofcardiovascular disease being a primary service offering. MedCath ownsinterests in and operates eleven hospitals with a total of 667 licensed beds,located in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, SouthDakota, and Texas. In addition, MedCath and its subsidiary MedCath Partnersmanage the cardiovascular program at various hospitals and provide services indiagnostic and therapeutic facilities in various states.
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Parts of this announcement contain forward-looking statements that involverisks and uncertainties. Although management believes that these forward-looking statements are based on reasonable assumptions, these assumptions areinherently subject to significant economic, regulatory and competitiveuncertainties and contingencies that are difficult or impossible to predictaccurately and are beyond our control including, but not limited to, enactmentof changes in federal law that would limit physician hospital ownership.Actual results could differ materially from those projected in these forward-looking statements. We do not assume any obligation to update these statementsin a news release or otherwise should material facts or circumstances changein ways that would affect their accuracy.

These various risks and uncertainties are described in detail in "RiskFactors" in MedCath's Registration Statement on Form S-3/A filed with theSecurities and Exchange Commission on March 29, 2007 and its Quarterly Reporton Form 10-Q for the quarter ended June 30, 2007. Copies of this registrationstatement and Form 10-Q, including exhibits, are available on the internetsite of the Securities and Exchange Commission at http://www.sec.gov.

SOURCE MedCath Corporation
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