Press Release

U.S. Renal Care Inc. Adds Two Outside Directors
8/4/05, J. Christopher Brengard

JONESBORO, ARKANSAS — U.S. Renal Care Inc., an operator of outpatient renal dialysis clinics, announced today the appointment of John P. Byrnes and Barry C. Cosgrove to the Board of Directors. Chris Brengard, U. S. Renal Care's President and CEO said, "We are extremely pleased that two individuals with the stature of John P. Byrnes and Barry C. Cosgrove have agreed to serve as members of our Board. Their addition reflects their confidence in USRC and its ability to achieve our goal of building U.S. Renal Care into a national operator of kidney dialysis treatment facilities. This appointment expands the Company's Board of Directors from five to seven members.

John P. Byrnes has served as the Chief Executive Officer of Lincare, Inc. (NASD:LNCR) since January 1997, a Director of the Company since May 1997, and Chairman of the Board since March 2000. Lincare, Inc. is a leading provider of oxygen and other respiratory therapy services delivered to patients in the home, with revenues in excess of $1 Billion per year. Mr. Byrnes also served as the company's President from June 1996 until April 2003. Mr. Byrnes is a Director of Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology company with leadership positions in advanced wound care and therapeutic services.

Barry C. Cosgrove is a businessman, attorney and charitable director who, for the past 20 years, has founded and led public and private enterprises. Mr. Cosgrove was a founder of DaVita, Inc. (NYSE: DVA), the world's largest independent operator of renal dialysis facilities. From 1994 until September 2000, Mr. Cosgrove served in various senior executive positions with DaVita, including Senior Vice President and General Counsel, and was primarily responsible for acquisitions that fueled DaVita's growth. Prior to joining DaVita, Mr. Cosgrove served as Executive Vice President of Total Pharmaceutical Care, Inc., until its sale in late 1993 to Apria Healthcare. Previous to this Cosgrove was a senior executive with McGaw Labs in Irvine, California. Currently, Mr. Cosgrove is President, CEO and Chairman of the Board of Blackmore Partners, a private equity and holding company. Mr. Cosgrove serves as a member of the National Assembly of Board Members of the Alzheimer's Association.

U.S. Renal Care develops, acquires, and operates outpatient treatment centers for patients suffering from chronic kidney failure, also known as End Stage Renal Disease (ESRD). U.S. Renal Care is a quality driven, renal disease management company that affiliates with selected nephrology physician practices and develops health care delivery systems in targeted markets across the southern United States.

For more information on U.S. Renal Care Inc., please visit www.usrenalcare.com

 

   


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