For Immediate Release SALIX VENTURES ANNOUNCES INVESTMENT IN AMBULATORY SURGERY CENTER COMPANY SAN FRANCISCO, CALIFORNIA (January 14, 2002) -- Salix Ventures announced a $2.5 million investment as part of a $5.1 million Series A Preferred Stock financing in Titan Health Corporation of Sacramento, California. Versant Ventures of Irvine, California, and several individual investors also participated in the financing. As a result of this investment, Marty Felsenthal, a General Partner of Salix Ventures, and Barbara Lubash, a General Partner of Versant Ventures, will join Titan Health's Board of Directors. Titan Health develops and manages highly efficient, single specialty ambulatory surgery centers with an emphasis on spinal diagnostics and pain management. The federal government estimates that chronic pain-related medical costs (excluding disability and lost productivity) result in $79 billion in annual expenditures. Currently, Titan Health operates and has an equity stake in three surgery centers located in the Western United States. With this financing, David Hall, a veteran healthcare operator, has joined Titan Health's Board of Directors as Chairman. David has been CEO of three successful healthcare facilities companies, most recently as Chairman and CEO of ASC Network Corporation which was sold to HEALTHSOUTH Corporation in 1998. Marc Jang is founder and CEO of Titan Health. For the past seven years, Marc Jang has held various senior roles with Sacramento-based Sutter Surgery Centers, which was also acquired by HEALTHSOUTH, and ASC Network - both developers and operators of ambulatory surgery centers. Marc Jones, co-founder and President, most recently served as Group Vice President for HEALTHSOUTH, where he had responsibility for more than 70 surgery centers. Previously, he was Vice President of Operations for Sutter Surgery Centers. "We have great confidence in this management team that has been involved at the senior level of five successful healthcare services companies," says Felsenthal. "Furthermore, Titan has an impressive platform in place that makes it extremely well positioned to take advantage of this market opportunity." About Salix Ventures Salix Ventures manages two venture capital partnerships with approximately $180 million in capital commitments from limited partners. Salix invests primarily in early-stage healthcare services and healthcare information technology companies. With offices in Andover, Nashville and San Francisco, Salix Ventures assists companies across the country through all stages of development. For more information, please visit www.salixventures.com.