Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, July 23 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

    -- S&P 500 constituent American Standard Companies, Inc. (NYSE:ASD) is
       spinning off its vehicle control systems business, WABCO Holdings Inc.
       , after the close of trading on Tuesday, July 31.  WABCO
       Holdings is not considered a U.S. company for S&P index purposes, and
       therefore will not be added to a U.S. index at this time.
    -- Kyphon Inc. (NASD:KYPH) will replace Triad Hospitals Inc. (NYSE:TRI)
       in the S&P MidCap 400 after the close of trading on Wednesday, July 25.
       Triad is being acquired by S&P MidCap 400 constituent Community Health
       Systems Inc. (NYSE:CYH) in a deal expected to close on or about that
       date, pending final approvals.
    -- MedCath Corp. (NASD:MDTH) will replace Digene Corp. (NASD:DIGE) in
       the S&P SmallCap 600 after the close of trading on Wednesday, July 25.
       Digene is being acquired by Qiagen N.V. in an exchange offer.
    -- PharMerica Corp.  will replace Pope & Talbot Inc.
       (NYSE:POP) in the S&P SmallCap 600 after the close of trading on
       Tuesday, July 31.  S&P 500 constituent Amerisourcebergen Corp.
       (NYSE:ABC) and S&P MidCap 400 constituent Kindred Healthcare Inc.
       (NYSE:KND) are spinning off and combining their Pharmerica Long-Term
       Care and Pharmacy Services businesses respectively into PharMerica, in
       a transaction expected to close on or about that date, pending final
       approvals.  Amerisourcebergen and Kindred will remain in their
       respective indices.  At today's close of trading, Pope and Talbot had a
       market capitalization of approximately $65 million, ranking 600th in
       the index.
    -- Universal Electronics Inc. (NASD:UEIC) will replace Armor Holdings
       Inc. (NYSE:AH) in the S&P SmallCap 600 after the close of trading on a
       date to be announced.  Armor is  being acquired by S&P Global 1200
       constituent BAE Systems plc in a deal still pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Kyphon engages in the design, manufacture, and marketing of medical devices to treat and restore spinal anatomy using minimally invasive technology. Headquartered in Sunnyvale, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

MedCath engages in the ownership and operation of hospitals in partnership with physicians in the United States. Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS Industrial Conglomerates Sub-Industry index.

PharMerica is a pharmaceutical services company. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS Health Care Distributors Sub-Industry index.

Universal Electronics provides pre-programmed wireless control products and audio-video accessories for home entertainment systems. Headquartered in Cypress, CA, the company will be added to the S&P SmallCap 600 GICS Consumer Electronics Sub-Industry index.


    Following is a summary of the changes:

    S&P MIDCAP 400 INDEX - July 25, 2007

             COMPANY            GICS ECONOMIC         GICS SUB-INDUSTRY
                                  SECTOR
    ADDED    Kyphon             Health Care           Health Care Equipment
    DELETED  Triad Hospitals    Health Care           Health Care Facilities


    S&P SMALLCAP 600 INDEX - July 25, 2007

             COMPANY            GICS ECONOMIC         GICS SUB-INDUSTRY
                                  SECTOR
    ADDED    MedCath            Health Care           Health Care Facilities
    DELETED  Digene             Health Care           Biotechnology


    S&P SMALLCAP 600 INDEX - July 31, 2007

             COMPANY            GICS ECONOMIC         GICS SUB-INDUSTRY
                                  SECTOR
    ADDED    PharMerica         Health Care           Health Care Distributors
    DELETED  Pope & Talbot      Materials             Paper Products


    S&P SMALLCAP 600 INDEX - To Be Announced
             COMPANY            GICS ECONOMIC         GICS SUB-INDUSTRY
                                  SECTOR
    ADDED    Universal          Consumer              Consumer Electronics
              Electronics        Discretionary
    DELETED  Armor Holdings     Industrials           Aerospace & Defense

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com.

Source: Standard & Poor's

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