Tenet South Florida HealthSystem and the Nicklaus Family Announce Nicklaus Children's Hospital at St. Mary's Medical Center

Honda Classic to Benefit Nicklaus Children's Health Care Foundation

West Palm Beach, Fla - February 19, 2003 - Tenet South Florida HealthSystem, St. Mary's Medical Center and the Barbara and Jack Nicklaus Family announced today plans to create the Nicklaus Children's Hospital at St. Mary's Medical Center. The 4-story, 45,000-square-foot, $6 million project is scheduled to break ground in May, with a completion targeted for late 2004.

Additionally, Tenet South Florida and the Nicklaus Family have established a new nonprofit foundation - the Nicklaus Children's Health Care Foundation - to help support health care services for children in the area. The foundation will become one of the significant beneficiaries of the annual Honda Classic Golf Tournament in Palm Beach County.

"It is an honor to partner with Barbara and Jack Nicklaus on a project that is so important to the children of South Florida," said Don S. Steigman, senior vice president of Tenet South Florida HealthSystem. "The Nicklauses have always been passionate about helping children and are committed to working with St. Mary's Medical Center to ensure that the children's hospital provides the highest quality of care for the youth in South Florida."

The Nicklaus family moved to Palm Beach County in the mid-1960s and now includes five children and 15 grandchildren, all living within 10 minutes of Barbara and Jack.

"As long-time residents of the Palm Beach community, with three generations now living here, our family is pleased to have our name associated with St. Mary's Medical Center," Barbara Nicklaus said. "Several of our grandchildren were born at St. Mary's, and we look forward to working together with the hospital to provide children in our area with much needed medical services."

With involvement in several charities to benefit children, the Nicklaus family is active with the Columbus Children's Hospital, Stop Children's Cancer, The First Tee, and the Barbara and Jack Nicklaus Junior Golf Endowment Fund. The Nicklaus global family business is headquartered in North Palm Beach and focuses on golf course design, development, marketing and licensing.

"The Nicklaus Children's Hospital at St. Mary's Medical Center will offer a wide array of children's services, consolidated in a 4-story, 81-bed pavilion. The facility will include two general pediatric units, a 13-bed Pediatric Intensive Care Unit (PICU), a Pediatric Progressive Care Unit, relocation and renovation of the Pediatric Hematology/Oncology service and a separate entrance and separate Admissions Department exclusively for children's services," said Peter Marmerstein, chief executive officer of St. Mary's Medical Center. "Future plans include the relocation and expansion of the hospital's current Pediatric Emergency Department to the Nicklaus Children's Hospital."

The Nicklaus Children's Health Care Foundation will be established as a non-profit foundation to support the efforts of the Children's Hospital. The primary mission of the foundation will be to provide assistance to pediatric patients and their families in a five-county area who are either uninsured or otherwise unable to pay the cost of hospital care. Two-thirds of the foundation board's members will be community members appointed by the Nicklaus Family, with the remaining members appointed by Tenet South Florida.

The foundation will be supported by the Honda Classic golf tournament, which donates approximately $500,000 to children's charities annually, according to Clifford Danley, executive director of the Honda Classic. The Honda Classic, a South Florida staple in the PGA Tour's annual Florida swing, has moved to Palm Beach County for 2003 and will be played March 13-16 at Mirasol in Palm Beach Gardens - just minutes away from the Nicklaus' home and business.

"After opening, the Nicklaus Children's Hospital will become one of the significant beneficiaries of the Honda Classic in Palm Beach County, said Clifford Danley, executive director of the Honda Classic. "The Honda Classic golf tournament, which moves to Palm Beach County in March, donates approximately $500,000 to children's charities, annually."