Access MediQuip Appoints Former Priority Healthcare CEO to Chairman of the Board

Health Care Company Also Appoints Industry Veteran Steve Shulman to Board

HOUSTON, Jan. 12 /PRNewswire/ -- Access MediQuip, LLC, the nation's first and
largest provider of outsourced medical implantable device management solutions
to the health care industry, announced today that its board of directors has
appointed board member Steve Cosler to chairman. The company announced the
appointment following its second consecutive year of revenue growth exceeding
40 percent.

Mr. Cosler, 53, is the former president and CEO of Priority Healthcare
Corporation, a specialty pharmacy company acquired by Express Scripts in 2005.
He currently serves as an operating partner with Water Street Healthcare
Partners, a leading private equity firm focused exclusively on the health care
industry and a majority investor in Access MediQuip. Since partnering with
Water Street, Access MediQuip has expanded its services to health care
facilities, device manufacturers and payers throughout the United States to
double its sales over the past three years.

"Steve has been a key contributor to Access MediQuip's tremendous growth,"
said Jim Connelly, the former chairman of Access MediQuip and a partner with
Water Street. "His expertise in specialty health care services has helped
Access MediQuip successfully expand its business to help manufacturers, payers
and providers effectively manage implantable medical devices and ultimately
benefit the patients who need them. Steve will continue to work closely with
the management team to shape the company's strategic direction and identify
new ways to drive greater value for customers in the future."

Access MediQuip also announced that Steve Shulman, the chairman and former CEO
of Magellan Health Services, Inc. (NASDAQ: MGLN), a leading specialty health
care management organization, will join its board of directors. A 30-year
industry veteran, Mr. Shulman, 56, has held leadership positions with the
nation's largest managed care plans including Prudential Healthcare, CIGNA and
Kaiser Permanente. He also founded and served as chairman and CEO of Internet
Healthcare Group (IHCG), and co-founded Value Health, Inc, which was later
bought by Columbia/HCA.

"Steve Shulman is another strong addition to the impressive team of executives
who serve on our board," said Connelly. "His years of experience, both as a
health plan executive and as a provider of health services, will be extremely
beneficial to Access MediQuip as the company continues to build on its
leadership position in the medical device industry."

Founded in 1997, Access MediQuip specializes in insurance authorization,
inventory management, equipment procurement and claims processing for medical
implantable devices such as orthopedic and spinal implants. The company's
services minimize the financial risk associated with implantable device costs
and help increase their accessibility to patients. Over the past 10 years,
Access MediQuip has built the largest database of claims information for
implantable medical devices to provide device manufacturers, providers and
payers with the first available data on implantable device costs and
utilization rates across the country.

About Access MediQuip
Access MediQuip is the nation's first and largest provider of outsourced
implantable device management solutions. The company works with thousands of
manufacturers, payors and providers to manage the acquisition, financing,
delivery and reimbursement of implantable devices such as orthopedic and
spinal implants, and implantable drug pumps. Founded in 1997, the company is
headquartered in Houston and employs approximately 150 associates. For more
information, please visit www.accessmediquip.com.

About Water Street Healthcare Partners
Water Street Healthcare Partners is a leading private equity firm focused
exclusively on health care. With more than $1 billion of capital under
management, Water Street is one of the most active investors in the health
care industry. The firm has a strong track record of building
market-leadership companies across key growth sectors in health care. It has
partnered with some of the world's leading health care companies on its
investments including: Johnson & Johnson, Medtronic and Smith & Nephew. Water
Street's team is comprised of industry executives and private equity
professionals with decades of experience investing in and operating global
health care businesses. The firm is headquartered in Chicago. For more
information about Water Street, visit www.wshp.com.

SOURCE Access MediQuip

Lindsey Turner of Access MediQuip, +1-713-985-4850,
lturner@accessmediquip.com; or Kelly Zitlow of Water Street Healthcare
Partners, +1-847-858-5230, kelly.zitlow@wshp.com