Jorge Rico, Managing Director
Jorge Rico is the former Chief Operating Officer of Ramsay Health Care, Inc. (NASDAQ: RHCI). His background includes 19 years of progressively responsible positions in healthcare. Mr. Rico has worked in various healthcare organizations in leadership roles, specializing in the development and implementation of strategic plans which create value. Mr. Rico's area of expertise includes operations, health plan administration, hospital administration, business development and information technology. Mr. Rico joined RHCI in 1997 as an integral contributor of the senior management team. Mr. Rico was a key member of the team that assumed management control of RHCI. At the time, RHCI was an ailing psychiatric hospital public company with cumulative net losses during the prior four years of $39 million and was in default on its debt. After developing and implementing a turnaround strategy, management led the company to 17 consecutive quarters of growth and profitability prior to selling RHCI to Psychiatric Solutions, Inc. (NASDAQ: PSYS) for $78 million. Mr. Rico remained with PSYS for one year to assist with the integration of RHCI into PSYS and the execution of PSYS expansion plans. Mr. Rico was the President of the largest division of PSYS during this time. Prior to joining RHCI, Mr. Rico was Executive Vice President of Administration and a key member of the management team of Ramsay-HMO, Inc., the second-largest HMO in South Florida during the early 1990's. In 1994, Ramsay-HMO, Inc. was sold to United HealthCare for approximately $500 million, representing a return of more than 10X the initial investment. Mr. Rico remained with United HealthCare as a key member of the senior management team and assisted United HealthCare in becoming the largest HMO in the State of Florida. Mr. Rico holds a Masters in Business Administration specializing in Healthcare Administration from the University of Miami.

e-mail address: jrico@mbfhp.com