SOURCE: Ridgecrest Healthcare Group, Inc.

October 09, 2006 13:32 ET

Ridgecrest Healthcare Names Phil Dalton as New Chief Executive Officer

EL SEGUNDO, CA -- (MARKET WIRE) -- October 9, 2006 -- Ridgecrest Healthcare Group, Inc. (PINKSHEETS: RGHG), a leader in providing healthcare management services to hospitals, health systems, other healthcare companies and government, recently announced that Philip Dalton has been appointed as the new Chief Executive Officer of Ridgecrest Healthcare Group, Inc.

Mr. Dalton, age 55, has worked in the healthcare industry for over 25 years serving in executive roles in hospitals, healthcare systems and consulting firms. Mr. Dalton founded Medical Development Specialists, Inc. (a wholly owned subsidiary of Ridgecrest Healthcare Group, Inc.), a national consulting firm, and also continues to serve as its President. In previous positions he was a Vice President and a Director of two national consulting firms, President of a for profit health care ventures company operating various inpatient and ambulatory care businesses and Senior Vice President in both a hospital and health system, responsible for business development and marketing.

Mr. Dalton stated, "I am looking forward to the opportunity of leading Ridgecrest as we develop its role in providing management services geared to the improvement of the health care delivery system. I believe Ridgecrest will increasingly be recognized for offering strategic leadership, management and human resource talent to health care organizations and businesses."

Ridgecrest Healthcare Group, Inc. is a healthcare management services company that works with large healthcare providers, healthcare companies, government and related companies and organizations. Ridgecrest further seeks to acquire and operate healthcare service companies and leverage its relationships and strategic and financial expertise to enhance and grow these enterprises.

For more information on Ridgecrest Healthcare Group, Inc. please visit our website at:

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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