SOURCE: Ridgecrest Healthcare Group, Inc.

October 26, 2006 09:45 ET

Ridgecrest Healthcare Names Stuart Bruck Executive Chairman

EL SEGUNDO, CA -- (MARKET WIRE) -- October 26, 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 Stuart Bruck has been appointed as Executive Chairman.

Mr. Bruck, 56, has over thirty years of executive-level experience in the healthcare industry. In addition to his role at Ridgecrest Healthcare Group, he now serves as Executive Chairman of London & Pacific Healthcare, LLC, an international corporate finance company specializing in healthcare.

Mr. Bruck, founder of London & Pacific Healthcare, funded and launched Healthcare Enterprise Group, PLC, a publicly traded London-based firm, which focuses on occupational healthcare and specialized medical devices. Mr. Bruck served as Executive Chairman of that company until 2005.

Prior experience includes serving as Chief Executive of Barbican Healthcare PLC until its successful sale to BUPA in 1999 and as Senior Vice President of AHI Healthcare Systems through its IPO on the NASDAQ in 1995 and its successful sale in 1997. He also served as Vice President of Nu-Med, Inc., and National Medical Enterprises, Inc., both publicly traded healthcare companies.

Mr. Bruck said in accepting this position, "I look forward to joining Ridgecrest's CEO, Phil Dalton, and the Ridgecrest management team in its effort to grow the Company successfully and create superior returns for our shareholders."

Ridgecrest Healthcare Group 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.

Contact Information