MedCath Corp., Charlotte, N.C., said its chief executive officer of four weeks, Charlie Slaton, resigned to pursue other interests and Chairman John Casey will step in as interim CEO while the board searches for a replacement. MedCath also said earnings will fall short of expectations for the fiscal year ended Sept. 30 because of lower-than-expected volume and higher-than-expected costs, some related to Hurricane Katrina. The company said it should earn $95.7 million to $97.7 million on revenue of $756 million to $758 million. It previously projected earnings of $105 million to $110 million on revenue of $760 million to $790 million. Slaton was promoted from president and chief operating officer to CEO Oct. 1, replacing Casey. MedCath operates 12 heart hospitals in partnership with physicians. -- by Joseph Mantone
MedCath CEO resigns, earnings below expectations
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