March 1, 2010 / 10:44 PM / in 8 years

UPDATE 1-MedCath to consider strategic options, including sale

* Says options include sale of co, individual hospitals

* Committee of independent directors to consider options

* Shares up 5 pct

March 1 (Reuters) - Hospital operator MedCath Corp MDTH.O said it would consider strategic options, including a possible sale of the company, or the sale of individual hospitals and other assets.

Shares of the company were up 5 percent at $7.30 in extended trade. They closed at $6.95 Monday on Nasdaq.

MedCath said its board has formed a strategic options committee of independent directors to consider the alternatives. It retained Navigant Capital Advisors to assist the committee. (Reporting by Anand Basu in Bangalore; Editing by Ratul Ray Chaudhuri)

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