Cain Brothers - Press Release

Cain Brothers Hires Ray Falci as Senior Investment Banker Covering HCIT and Pharmaceutical Services

New York – May 1, 2006

Cain Brothers & Company, the health care investment banking firm, has announced the hiring of Raymond G. Falci.

Mr. Falci joins Cain Brothers as a Managing Director responsible for leading the firm’s Health Care Information Technology (HCIT) and Pharmaceutical Services investment banking practice. Prior to joining Cain Brothers, Mr. Falci worked for 10 years as an equity research analyst, most recently at Bear Stearns, where he was named to Institutional Investor magazine’s “All American” top rated list in five of his last six years, including twice gaining the number one ranking. Mr. Falci is considered a pioneer in the HCIT investment field, having been one of the first Wall Street analysts to identify and continually follow the sector starting in 1994. At Cain Brothers, Mr. Falci will focus on advising the senior managements and Boards of growing HCIT and pharmaceutical services companies on mergers and acquisitions as well as raising private equity and debt capital.

In announcing Mr. Falci’s hiring, Rob Fraiman, Cain Brothers’ Head of Corporate Finance, said “We are thrilled to attract a professional of Ray Falci’s caliber and experience. I had the opportunity to work with Ray for several years at Bear Stearns and am delighted to be reunited with him. The HCIT and pharmaceutical services sectors are experiencing robust growth opportunities, and there are numerous companies which we will now be able to better serve with the depth and knowledge that has come to characterize Cain Brothers’ investment banking services in other sectors.”

Mr. Falci said, “I am excited to join Cain Brothers and its well-established platform and reputation in advising small to mid-sized health care services and medical technology companies. This is a perfect fit for me, not only based on my research background, but also due to my desire to work more closely with companies as they develop and implement their strategic and financial growth strategies.”

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Cain Brothers is an investment banking firm that focuses exclusively on the health care industry. Its clients include providers, payors, medical device and equipment companies, information technology companies, and providers of outsourcing solutions to the health care industry. The firm has one of the largest teams of experienced bankers and traders on Wall Street dedicated to the health care industry. Operating out of offices in New York, Chicago, Houston, Indianapolis, San Francisco, and Sarasota, Cain Brothers creates custom-tailored, market-based solutions for the many strategic, financial, and operating challenges facing its clients. Cain Brothers’ venture capital affiliates, Health Enterprise Partners and CB Health Ventures, invest capital in fast-growing health care service and information technology companies.

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Contacts:

Rob Fraiman
212-981-6947
rfraiman@cainbrothers.com

Jim Vaughan
212-981-6929
jvaughan@cainbrothers.com

Ray Falci
212-981-6919
rfalci@cainbrothers.com