GTCR Announces Sale of MHA

CHICAGO, August 2, 2007 – GTCR Golder Rauner, LLC, one of the nation’s leading private equity firms, today announced that it has sold Managed Healthcare Associates, Inc. (MHA), the largest alternate site GPO in the country, managing more than $3.3 billion of annual purchases.

“MHA has experienced tremendous growth over the last several years, which serves as a testament to the strength of the Company’s management team and their passion for serving their customers in the alternate site arena,” said GTCR principal Joe Nolan. “The Company’s unrivaled thought-leadership and service-level have put MHA at the fore-front of a growth industry and will continue to drive superior results,” said GTCR Principal Dean Mihas. “We appreciate GTCR’s support over the last several years in helping to make MHA the largest alternate site GPO in the country. Their deep healthcare knowledge and expertise, along with their ability to adapt to a changing regulatory environment made them great partners,” said MHA CEO Doug Present. MHA was advised by Harris Williams and JMP Securities. Legal counsel was provided by Pepper Hamilton LLP.

About MHA
Managed Health Care Associates, Inc. (MHA) is the largest Alternate Site GPO in the country servicing the Long Term Care, Home Infusion, Combo Pharmacy and Specialty Pharmacy industries. MHA is also the leading Long Term Care Pharmacy Network Manager with focus on serving the Medicare D patient population. MHA’s success is driven by unparalleled member support, competitive contracts, and the ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. Members utilize MHA’s services to assist in the purchasing of a complete line of pharmaceuticals, medical supplies, capital equipment, and nutritional food, as well as, network access to the majority of the largest national and regional prescription drug plans managing the newly created Medicare Part D drug benefit. MHA also offers a variety of services to medical supply, pharmaceutical manufacturers and prescription drug plan organizations, including contract administration, marketing, and continuing education. For more information visit www.mhainc.com.

About GTCR
Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth. GTCR currently manages more than $8 billion of equity capital invested in a wide range of companies and industries. More information about GTCR can be found at www.gtcr.com.