LOCAL PHILANTHROPIST AND MEDICAL PIONEER M. LEE PEARCE, M.D., J.D. MAKES LARGEST SINGLE DONATION IN HISTORY OF HOLY CROSS HOSPITAL $20 MILLION CHARITABLE GIFT FORT LAUDERDALE

(March 16, 2007) – Holy Cross Hospital announced receipt of a $20 million charitable gift from visionary philanthropist and medical pioneer M. Lee Pearce, M.D., J.D. to assist Holy Cross Hospital in the establishment of a comprehensive off-campus ambulatory / outpatient services center near Holy Cross Hospital.

Through a structured donation and bargain sale of land, buildings and medical equipment, Dr. M. Lee Pearce has enabled Holy Cross Hospital to acquire the outpatient ambulatory services enterprise, formerly Oakridge Medical Complex, for use in support of its Mission. Through the arrangement, Holy Cross Hospital has now acquired 19 acres of land with over 200,000 sq. ft. of medical buildings and related clinical equipment dedicated to ambulatory healthcare including physician offices, surgical, diagnostic, imaging and other ancillary services.

As a licensed, practicing physician, Dr. Pearce has been dedicated to quality medical and hospital care for over fifty years, and still maintains an active medical license. He is also one of only a few physician-attorney hospital consultants in the United States. Dr. Pearce is a private investor who has been involved in various philanthropic activities since the 1970s and has provided millions of dollars in philanthropy throughout the world. He is an avid supporter of classical and romantic music, grand opera, historic preservation and medical research.

Every year Dr. Pearce, mostly through The Dr. M. Lee Pearce Foundation, Inc. which he established in 1984, gives generous contributions to approximately fifty prominent non-profit organizations including: the University of Miami, Coral Gables; The Metropolitan Opera, New York City; the historic Bonnet House in Fort Lauderdale; the Mayo Clinic; the Harvard Medical School and many other exceptional organizations.

“Dr. Pearce’s benevolence reflects generosity on the part of the donor that is of a scope unprecedented in Broward County. It provides us with the opportunity to create a comprehensive off-campus outpatient services platform under the Holy Cross name and Mission, thus allowing more people greater access to Holy Cross’ nationally acclaimed services,” stated John C. Johnson, President and CEO, Holy Cross Health Ministries. “Dr. Pearce’s wish for Holy Cross Hospital is that it will be widely known as the Number One medical facility in Broward County. We are most grateful for his exceptional generosity and desire to advance Holy Cross’ Mission.”

The Dr. M. Lee Pearce Foundation, Inc. is a private non-profit tax-exempt benevolent foundation.