Hospital Management Company Sets Up Corporate Headquarters in Portsmouth

Specialty Hospitals of America, LLC, a health care management corporation with roots in Boston, Mass., recently set up its corporate office in Portsmouth, New Hampshire, at IOS Business Center, 155 Fleet Street.

Recently founded, SHA's vision is to provide high acuity, focused centers of medical excellence in all of its owned and operated hospitals and nursing facilities.

With over 30 years of experience in the areas of hospital operation, health care development, quality care improvement, company growth and finance, SHA's board of directors provides a stable and comprehensive approach to hospital management.

Board members include:
--Chairman: James W. Rappaport offers nearly 30 years of experience as an attorney, real
estate developer and entrepreneur. His passion for politics has led him into the public eye
throughout Massachusetts and nationally. He is most notably recognized for his work in
raising funds for such noble organizations as children's hospitals, cancer institutes, the United Way, museums and schools. Rappaport is also vice chairman of The New Boston Fund, and member of the Boards for both Children's Hospital Boston and the Dana Farber Cancer Institute in Boston, Mass.

--Co-Founder, President and Chief Operations Officer: Eric F. Rieseberg, certified by the American College for Healthcare Executives, provides over 30 years of expertise in hospital development and health care multi-site management. He has served as hospital CEO for several health care systems, and directed quality improvement and financial stabilization programs throughout the United States.

--Co-Founder and Chief Investment Officer: Robert E. Rummler, Sr. has over 35 years of investment banking, strategic financial planning and entrepreneurial experience. He has extensive background in financial turn around, mergers and acquisitions, and has played a key role in several business start-ups.

--Co-Founder and Chief Development Officer: Frank Wilich provides aptitude in leadership in the market-driven hospital environment. He has a talent for discovering patient-care opportunities where SHA can grow to the mutual benefit of patients, doctors and staff, as well as the community and investors. He has over 25 years of experience in the areas of management, development and marketing.

SHA is currently in the Certificate of Need (CON) process to acquire MedLINK Hospital & Nursing Center at Capitol Hill in Washington, DC. The CON review is expected to take between 30 and 60 days and is a mandated procedure within the District of Columbia.

Upon approval of the CON, SHA's vision for the Capital Hill facility involves supporting the Joint Commission Accreditation of Healthcare Organization (JCAHO) certification process, accelerating the transition of the hospital's services to provide long-term acute care and improve upon the clinical and financial aspects of the hospital's operations. Specialty Hospitals of America will also bring with it the necessary capitol to purchase much needed equipment.

Updates on the CON process will be periodically provided throughout the review period, as well as information on the transition to SHA management upon approval.

For more information about Specialty Hospitals of America, visit the website at
www.Specialty-Hospitals.com.