News/Press Release

MRM/KLN CEO Appointed to Cardium Health Board of Directors

Saturday, July 03, 2004: (FARMINGTON, CT) July 2004 – Cardium Health, a Connecticut-based national disease management company and one of the leading providers of disease management programs to Fortune 1,000 companies, recently announced the addition of Kevin W. Kelly, President/CEO of Medical Risk Management, LLC (MRM) and KLN Specialty Insurance, LLC to its Board of Directors.

Mr. Kelly, President and CEO of MRM/KLN Specialty Insurance, LLC, brings over 20 years of experience in the healthcare, health insurance industry. Kelly, as CEO, directs all operations of MRM/KLN. MRM/KLN are specialty insurance/risk management related companies that assist healthcare providers, malpractice insurance captives and medical liability underwriters in better defining, developing and implementing risk management solutions and loss control programs as well as placing medical malpractice coverage for healthcare providers. Prior to joining MRM/KLN Kelly was the founder and CEO of MedSpan Inc., a $250+ million regional HMO now a part of Oxford Health Plans. Recently, he served as a consultant for the University of Connecticut Health Center. In that capacity he oversaw the business development and implementation of the Health Center’s Signature Programs; Calhoun Cardiology Center, Bone Biology and Musculoskeletal Institute, and the Neag Comprehensive Cancer Center. Prior to that Mr. Kelly served in various administrative capacities at Hartford Hospital (Hartford CT), Blue Cross Blue Shield Association (Chicago IL) and the American Hospital Association (Washington DC/Chicago IL). Mr. Kelly earned his masters and undergraduate degrees from Yale University and Providence College respectively. He lectures frequently on the financing and delivery of healthcare and medical malpractice and risk management/loss control topics.

Mr. Kelly joins the 8-member board of directors which functions as the governing body of Cardium Health Services. Other representatives include Tullis-Dickerson & Co., Inc., (www.tullisdickerson.com), a healthcare private equity firm; Connecticut Innovations, Inc., (www.ctinnovations.com), a quasi-public organization that makes equity investments in entrepreneurial, high-technology, Connecticut companies; and senior management from Cardium.

About Cardium Health: Cardium Health is a national health and disease management company that partners with large, self-insured employers and managed care organizations to reduce the direct and indirect medical costs associated with chronic illnesses (such as heart disease, diabetes, and respiratory disease). Cardium Health's prevention and health management programs are based on proven clinical and economic best-practice protocols and are supported by the company’s proprietary software technology, DM TrackSM. For more information about Cardium Health, its programs and services, visit www.cardiumhealth.com, or contact Jennifer Kaduk at jkaduk@cardiumhealth.com or 860.677.8900.

About MRM: MRM, is a Connecticut company dedicated to healthcare risk assessment. MRM develops and implements risk management educational programs and systematic solutions for hospitals, physician groups and medical malpractice insurers seeking to improve patient safety, and reduce malpractice losses through disciplined, process driven risk management programs. MRM employs a progressive and multidisciplinary approach to risk evaluation/analysis/education and designs customized and technology driven solutions for loss control. MRM brings a highly sophisticated and experienced level of medical, legal, insurance, risk management and technology expertise into synergy for its clients in order to identify vulnerabilities and implement mechanisms to secure control over the increasingly perilous and complex problem of “medical malpractice”.