CHICAGO, September 2, 2003 - GE Healthcare Financial Services has provided $55 million in financing to SemperCare, Inc., an owner and operator of long-term acute care hospitals based in Plano, Texas. The financing consists of a three-year $25 million revolver that may be increased any time in the first 18 months to $50 million based upon available working capital. The senior credit facilities also include a $5 million delayed draw term loan.

"GE Healthcare Financial Services did a great job of getting to know our business and truly understanding our financing needs," said Robert A. Lefton, president and chief executive officer of SemperCare. "Due to GE's lower cost of capital and creativity in meeting our needs, it was able to put a proposal on the table that significantly reduced our capital costs. Furthermore, we believe that GE is a perfect fit to provide for our financing needs as we continue to execute our business strategy."

SemperCare is using the loan to refinance existing debt and to fund new hospitals. SemperCare primarily pursues a hospital-within-a-hospital model, currently operating 12 long-term acute care hospitals within prominent, market-leading medical centers in 10 states. It is in the process of opening four additional facilities. Long-term acute care hospitals provide a full level of medical services for the complex needs of seriously ill patients, many of whom move into these units directly from intensive care, and whose average length of stay is at least 25 days.

"We are committed to providing financing that supports our customers' business objectives," says Robert McCarrick, senior vice-president, GE Healthcare Financial Services, Corporate Finance. "Our long history in healthcare financing gives us critical expertise and experience. Add that to our financial strength, and GE Healthcare Financial Services is in a unique position to build the right financing solutions for our customers."

GE Healthcare Financial Services, a unit of GE Commercial Finance, is the premier provider of capital, financial solutions and related services for the global healthcare market. With $10 billion in assets, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending, vendor programs and acquisition financing. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. GE Healthcare Financial Services' website is .

SemperCare's business mission is the operation of long term acute care hospitals primarily utilizing the hospital-within-hospital model and located within prominent, market-leading medical centers across the United States. Under this model, SemperCare enters into a long-term lease of a host hospital's nursing unit for the purposes of operating a separately licensed long term acute care hospital that exclusively serves long stay, acutely ill patients. The SemperCare -operated LTACH functions as an extension of the host hospital's clinical continuum. Targeted patient populations typically are defined by one of the following clinical profiles: cardiopulmonary conditions, medically complex conditions, stage III and IV wounds, and neurological and musculoskeletal disorders. The company's senior management team and board of directors are very experienced healthcare executives with proven track records developing, growing and operating successful healthcare services companies. SemperCare's headquarters and National Support Center are both based in Plano, Texas. The Company's major equity sponsors are: Collinson, Howe, & Lennox; Three Arch Partners; Salix Ventures, CIBC Capital Partners and Capital Resource Partners. SemperCare's website is www.sempercare.com.

Media Contacts

GE Healthcare Financial Services
Leslie Krohn
Vice President of Communications
312/441-7710
leslie.krohn@ge.com

SemperCare
Robert A. Lefton
President and CEO
972-836-1300
boblefton@sempercare.com

Deia Campanelli
GE Healthcare Financial Services
312-441-6169