The company was founded in 1988 as MedCath Partners, a for-profit corporation that offered cath lab, nuclear cardiology, and sleep medicine services.

Following passage of ObamaCare, which banned new physician-owned hospitals, MedCath sold its health care assets through a series of divestitures, liquidated, dissolved and distributed net proceeds to its shareholders.

[3] Industry observers credited the shift in strategy to the company's chief executive officer, O. Edwin French, who took over leadership of MedCath in February 2006 (he'd previously been president of the acute care hospital division of Universal Health Services).

[12] On October 3, 2011, MedCath announced that it sold its interest in Louisiana Medical Center & Heart Hospital to Cardiovascular Care Group for approximately $23.0 million.

[13] On December 1, 2011, MedCath announced it sold its ownership interest in Harlingen Medical Center and HMC Realty, LLC to Prime Healthcare Services for $9.0 million.