CHARLOTTE, N.C., Feb. 1, 2012 /PRNewswire/ -- MedCath Corporation (Nasdaq: MDTH) announced today that it intends to file its Quarterly Report of Form 10-Q for its first fiscal quarter ended December 31, 2011 with the Securities and Exchange Commission on February 9, 2012. In connection with the receipt of stockholder approval of a Plan of Dissolution, MedCath adopted the liquidation basis of accounting in September 2011. MedCath will continue to make required SEC filings, but will no longer issue a separate press release regarding its quarterly results. MedCath Corporation, headquartered in Charlotte, N.C., is a health care provider focused on high acuity services with the diagnosis and treatment of cardiovascular disease being a primary service offering. MedCath owns an interest in and operates one hospital with a total of 47 licensed beds located in California. SOURCE MedCath Corporation
Shares of MedCath Corporation (Nasdaq:MDTH) were gapping down Friday morning with an open price 47.9% lower than Thursday's closing price. The stock closed at $14.07 yesterday and opened today's trading at $7.33.