WHITE PLAINS and NEW YORK, N.Y., Feb. 24, 2010 - Richard D. "Rick" Segal, a longtime investor in healthcare real estate, has been appointed to the board of trustees at New York-Presbyterian Hospital.

The 56-year-old Mr. Segal brings to the position an exceptional understanding of healthcare facilities. As Chairman and CEO of Seavest Inc., a White Plains-based private investment management firm, he has been buying and building medical office properties for more than 25 years.

"New York-Presbyterian Hospital has some of the top-rated medical programs in the United States, and is an acknowledged leader in patient care, research and education," Mr. Segal says. "It is an honor to join this committed group of business and healthcare leaders, and to have an opportunity to contribute what I can based on my industry knowledge and experience."

Mr. Segal was on hand in his new role as a trustee for the Jan. 20 grand opening of the Vivian and Seymour Milstein Family Heart Center at New York-Presbyterian Hospital/Columbia University Medical Center. Before ing the hospital's board, Mr. Segal had put his healthcare real estate know-how to work as a member of the heart center's steering committee.

In addition to his medical real estate expertise, Mr. Segal brings many years of experience serving on the boards of other not-for-profit institutions, including hospitals, universities and museums.


About Richard D. Segal

Richard D. "Rick" Segal was born in 1954 and grew up in South Florida. He attended Wesleyan University in Middletown, Conn., and graduated cum laude in 1975. In 1981, he founded the investment firm of Seavest Inc. to provide wealth management and family office services to the Segal family and a group of other private investors. Today, he serves as Chairman and CEO of Seavest, which, while still functioning as a family office for the Segal family, has grown into an investment management firm focused on developing, acquiring and managing healthcare real estate properties.

Mr. Segal is a member of the board of directors of Nat Nast Inc. (men`s luxury apparel), Enablearning (on-line instruction) and SchoolNet (software solutions for school management).

In addition to serving on New York-Presbyterian Hospital Board of Trustees, Mr. Segal is President of the A.L. Mailman Family Foundation, a charitable foundation focused on early childhood care and education. He serves as a Trustee of Nova Southeastern University in Ft. Lauderdale, Fla., and the Hole in the Wall Foundation (Paul Newman`s camps for children with cancer).  He is a member the Board of Advisors of the Nasher Museum at Duke University, and is Chairman Emeritus of Publicolor and a Trustee Emeritus of the Big Apple Circus.

Mr. Segal lives in Rye, N.Y., with his wife, Monica. They have four children.


About Seavest Inc.

Established in 1981, Seavest Inc. is an investment management firm that provides capital for the development of new medical office buildings and acquires and as manages healthcare real estate ass. A pioneer in this sector, Seavest made its first healthcare real estate investments in the mid-1980s. Today, the firm controls a portfolio of about two million square feet of medical office space through three healthcare real estate investment funds. For more information, please visit www.SeavestInc.com or call (914) 683-8474.


About New York-Presbyterian Hospital

New York-Presbyterian Hospital/Weill Cornell Medical Center, located in New York City, is one of the leading academic medical centers in the world, comprising the teaching hospital New York-Presbyterian and Weill Cornell Medical College, the medical school of Cornell University. New York-Presbyterian/Weill Cornell provides state-of-the-art inpatient, ambulatory and preventive care in all areas of medicine, and is committed to excellence in patient care, education, research and community service. Weill Cornell physician-scientists have been responsible for many medical advances, including the development of the Pap test for cervical cancer the synthesis of penicillin the first successful embryo-biopsy pregnancy and birth in the U.S. the first clinical trial for gene therapy for Parkinson`s disease the first indication of bone marrow`s critical role in tumor growth and, most recently, the world`s first successful use of deep brain stimulation to treat a minimally conscious brain-injured patient.

New York-Presbyterian Hospital also comprises New York-Presbyterian Hospital/Columbia University Medical Center, New York-Presbyterian Morgan Stanley Children`s Hospital, New York-Presbyterian Hospital/Westchester Division and New York-Presbyterian Hospital/The Allen Hospital. New York-Presbyterian is the #1 hospital in the New York metropolitan area and is consistently ranked among the best academic medical institutions in the nation, according to U.S. News & World Report. Weill Cornell Medical College is the first U.S. medical college to offer a medical degree overseas and maintains a strong global presence in Austria, Brazil, Haiti, Tanzania, Turkey and Qatar. For more information, visit www.nyp.org and www.med.cornell.edu.