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Foundation Healthcare Announces Appointment of New CFO

OKLAHOMA CITY, July 2, 2014 (GLOBE NEWSWIRE) -- Foundation Healthcare, Inc. (OTC Markets:FDNH), which focuses on the development and management of surgical hospitals and related ancillary services, announced today the appointment of Mr. Hubert King to the position of Chief Financial Officer, effective July 1, 2014.

Mr. King, previously served as Vice President and Chief Financial Officer of SoutheastHEALTH, which is a four hospital system consisting of a tertiary care hospital with three satellite hospital facilities and multiple outpatient facilities. Mr. King's career includes other positions as Chief Financial Officer of hospitals and healthcare systems as well as public company experience as Vice President of a publically traded hospital services company with over $125 million in revenues. He began his career as a Certified Public Accountant with the firm of Ernst &Young. He holds a M.B.A. from Southern Methodist University and a B.S.B.A. in accounting from the University of Central Florida.

"Hugh's experience and proven leadership capabilities are a perfect fit for Foundation at this juncture in our Company's development," commented Stanton Nelson, Chief Executive Officer of Foundation Healthcare. "His extensive experience in our industry makes him a great fit for Foundation Healthcare, and we are thrilled to have been able to attract an executive of his caliber to this critical position. We are looking forward to having him as a key member of the Foundation Healthcare team."

About Foundation Healthcare

Headquartered in Oklahoma City, Okla., Foundation Healthcare, Inc. (OTCQB:FDNH) focuses on the development and management of surgical hospitals and the inclusion of ancillary service lines. These additional service lines, such as hyperbarics, sleep labs, intraoperative monitoring, imaging and robotic surgery, truly make the Foundation specialty hospital environment unique.

The Company is also an industry leading ASC management and development company focused on partnering with physicians and employees to create an outstanding patient experience, while maximizing partner and shareholder value. The Company is a leader in offering turnkey management and development solutions for physician partners, as well as creating an optimal experience for the patients we serve. For more information, visit www.fdnh.com.

CONTACT: Company Contact: Foundation Healthcare, Inc. Stanton Nelson Chief Executive Officer Tel 405-608-1703Source:Foundation Healthcare, Inc.