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[MrQuint]

RGHG News (Stock buyback):

Ridgecrest Healthcare Group, Inc. Announces Stock Buyback Program

Tuesday , December 12, 2006 08:00 ET

EL SEGUNDO, CA -- (MARKET WIRE) -- 12/12/06 -- Ridgecrest Healthcare Group, Inc. (PINKSHEETS: RGHG), a leader in providing healthcare management services to hospitals, health systems, other healthcare companies and government, announced today that its board of directors has authorized the Company to buy back up to 2,000,000 shares of its common stock. The stock repurchases will be made in the open market from time to time depending on market conditions.


In discussing the buyback plan, Ridgecrest Healthcare Chairman Stuart Bruck stated, "It is our opinion that Ridgecrest's current stock price does not accurately reflect the Company's true value. As a result, we believe this is a sound investment for Ridgecrest and reaffirms our confidence in the Company's ability to execute its strategy and enhance shareholder value."