STANLEY BREZENOFF NAMED PRESIDENT AND

CHIEF EXECUTIVE OFFICER FOR CONTINUUM HEALTH PARTNERS

Stanley Brezenoff has been named President and Chief Executive Officer of Continuum Health Partners, it was announced by Morton P. Hyman, Chairman of Continuum's Board of Trustees. Mr. Brezenoff will assume his new role at the hospital system -- which includes Beth Israel Medical Center, St. Luke's-Roosevelt Hospital Center, Long Island College Hospital and The New York Eye and Ear Infirmary -- on July 7, 2003.

Currently President and Chief Executive Officer of Maimonides Medical Center in Brooklyn, a position he has held since 1995, Brezenoff is recognized as an outstanding administrator of large public organizations and has served the public sector in executive positions throughout his career. Prior to joining Maimonides, he was Executive Director of the Port Authority of New York and New Jersey. He also is the former First Deputy Mayor of New York City in the Koch Administration.

"We are delighted to welcome Stan to the Continuum family," said Mr. Hyman, "He is uniformly held in the highest regard, by those who know him and by reputation. Among his many attributes, Stan is particularly known for his interpersonal skills, his vision, leadership qualities, and his extraordinary knowledge of health care and public issues. We take great pride in his appointment."

Mr. Brezenoff's career in public service began in 1978 when he was appointed Commissioner for the Department of Employment, and later Administrator of the Human Resources Administration. His experience in hospital administration dates back to 1981 when he was named President of the New York City Health and Hospitals Corporation (HHC), a position he held for four years. He currently serves on several City and State Commissions, including the September 11th Fund as Vice Chairman.

Continuum Health Partners, formed in 1997, unites four distinguished voluntary teaching hospitals in a network that allows each to maintain its own identity while benefiting from the rich resources of its sister institutions. Continuum has an annual operating budget of $2.2 billion and delivers care through 3,042 certified beds in seven major hospital facilities in Manhattan and Brooklyn. The Continuum network also encompasses ambulatory health centers and group and private practice settings throughout New York City and in Westchester County. Continuum also is a fifth largest employer in New York City, with more than 16,000 employees.

"The Continuum hospitals are among the most respected health care providers in the State and, indeed, the country," Brezenoff said. "The Continuum physicians, nurses and staff provide a vast and complete spectrum of care, from community-based primary services to the most complicated and cutting-edge specialty care. I am truly excited to join the Continuum family, and welcome the many opportunities this new position presents. I thank Mort Hyman and the Board of Continuum for the trust they have placed in me."

Stanley Brezenoff will take the helm as President and CEO of Continuum Health Partners on July 7, 2003.

Currently Stanley Brezenoff serves as President and Chief Executive Officer (CEO) of Maimonides Medical Center, a 705-bed tertiary care teaching hospital in Brooklyn, New York, a position he has held since February 1995.

From 1990 to 1995, prior to joining Maimonides, Mr. Brezenoff was Executive Director of the Port Authority of New York and New Jersey, a public-sector corporation that operates the world's largest complex of trade and transportation facilities, including the World Trade Center. In 1990, he also served as Senior Program Advisor for the Commonwealth Fund, a philanthropic institution with a particular focus on health care.

Mr. Brezenoff's career in New York City public service began in 1978 when he was appointed Commissioner for the Department of Employment and later as Administrator of the Human Resources Administration. From 1981 to 1984, Mr. Brezenoff was President of the New York City Health and Hospitals Corporation (HHC), which governs the world's largest non-federal health care system.

In 1984, Mayor Edward Koch asked Mr. Brezenoff to serve as Deputy Mayor for Operations and then as First Deputy Mayor of the City of New York. In that position, he directed the day-to-day operations of city agencies, including Police, Fire, Sanitation, Parks, Transportation, Corrections, Juvenile Justice, Probation, Human Resources, Health and Aging. During that time, he was also a member of the Metropolitan Transportation Authority Board, mayoral liaison to the Board of Education and City University (CUNY), as well as Chairman of HHC.

Prior to his appointments in city government from 1969 to 1978, Mr. Brezenoff served as Program Officer for the Ford Foundation in its National Affairs, Government & Law and Social Policy Divisions. He was responsible for the Foundation's $10 million program in non-judicial conflict resolution and a host of other programs, including an income security project that provided information for policy makers in the welfare field.

Before joining the Foundation, Mr. Brezenoff was active in the Congress of Racial Equality and the City-wide Committee for Integrated Schools.

Mr. Brezenoff has served as Program Advisor for the New York Urban Coalition and he has served as Chairman of the Board of Directors of Healthfirst, the League of Voluntary Hospitals & Homes of New York, New York Academy of Medicine (NYAM) and Dean's Council of New York University Robert F. Wagner School of Public Service. Currently he serves as Chairman of the Greater New York Hospital Association (GNYHA) and Healthcare Association of New York State (HANYS). Mr. Brezenoff also is a board member of Academic Medicine Development Company (AMDeC) and Structured Employment and Economic Development Corporation (SEEDCO).

Mr. Brezenoff was born in Brooklyn and received his Bachelor of Arts Degree in Philosophy from Brooklyn College.