Costello Named CEO Regency Hosptial of Meridian

Kenneth Costello is appointed as Chief Executive Officer of Regency Hospital Company's newest Long Term Acute Care hosptial located in Meridian.

For Immediate Release

Contact:

Benny Costello, CEO

606-484-7900            

Kelly Laughlin

Director of Communications

404-915-6642

ALPHARETTA, GEORGIA, March 2003 -Regency Hospital Company is pleased to announce Kenneth Costello as Chief Executive Officer of Regency Hospital of Meridian located in Meridian, Mississippi. We are very pleased to have Benny" Costello join the Regency family -- he is an outstanding addition to our team," stated Rod Laughlin, President and CEO of Regency Hospital Company. Mr. Costello is an experienced Long Term Acute Care administrator and plans to focus largely on producing a hospital that is renowned for its outstanding clinical program.

Mr. Costellos previous experience includes Chief Executive Officer of Wichita Specialty Hospital, Chief Financial Officer of Wesley Rehabilitation Hospital, as well as appointments at Palm Beach Regional Hospital and Saint Camillus Health and Rehabilitation Center located in Syracuse, New York.

I am looking forward to establishing Regency Hospital of Meridian as the Long Term Acute Care (LTAC) hospital of choice in Southern Mississippi, said Mr. Costello. We will achieve this by providing the highest quality clinical care to our patients." he continued.

Mr. Costello received a Bachelor of Science in Accounting from Utica College and received a Masters of Science in Business Management from Troy State University. He is a diplomate of the American College of Healthcare Executives and active in several community charities.

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