May 11, 2005

Deutsche Bank relaunches coverage of the Healthcare Facilities sector

Managing Director Darren Lehrich joins from Piper Jaffray & Co.Deutsche Bank Securities Inc. today announced that Darren Lehrich has joined its Company Research Team within its Global Markets division as a Managing Director covering the Healthcare Facilities sector. Lehrich will provide broad coverage across a variety of Healthcare service subsectors, including acute care hospitals, ambulatory surgery centers, outpatient dialysis facilities, behavioral hospitals, and hospice providers. He will be based in New York and will report to Steve Pollard, Director of Equity Product.

"We are confident that Darren's record of dedication to the healthcare industry and his significant equity research experience will provide Deutsche Bank's clients with the best possible company research in the Healthcare Facilities sector," said David Manlowe, Head of Americas Company Research and Co-Head of Cash Equities. "The addition of a top analyst as well as the re-establishment of coverage of the Healthcare Facilities sector, one of the most robust and growing business sectors within the Healthcare industry, marks another step towards Deutsche Bank's goal of achieving market leadership in cash equities globally."

Prior to joining Deutsche Bank, Lehrich was a Managing Director and senior analyst covering the Healthcare Facilities sector at Piper Jaffray and Co. He has also held positions at SunTrust Robinson Humphrey and at ING Barrings LLC. Prior to joining Wall Street, Lehrich worked at Sloan-Kettering Cancer Center, where he served in a practice management role in the Ambulatory Care Division, working with several of the hospital's prominent medical oncology practices.

Lehrich holds an MBA in Finance from the Krannert School of Management at Purdue University and a BS in Healthcare Policy and Administration from Penn State University.


For further information, please call:

Renee Calabro
Media Relations


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