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NEW YORK, June 3 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Ryan Stewart has joined the firm as a managing director and senior research analyst covering health care services companies. Stewart will be based in the firm's New York office.

"We are thrilled to have Ryan join our extensive healthcare platform at Piper Jaffray," said Mike Ott, head of Equity Research at Piper Jaffray. "With nearly a decade of working directly in the health care industry, Ryan has also gained great experience on the Street covering healthcare technology and other services companies. We look forward to Ryan's expanded coverage in healthcare services including healthcare technology, disease management, managed care and pharmacy benefit management."

Stewart joins Piper Jaffray most recently from SunTrust Robinson Humphrey, where he was senior research analyst covering healthcare management and technology companies. Prior to that, he was a senior associate research analyst at Bear, Stearns & Co., covering healthcare technology and distribution companies. In addition, Stewart spent roughly 10 years in the industry with management roles at Horizon Blue Cross Blue Shield of New Jersey, Andersen's national healthcare consulting practice and as the founder and CEO of a venture capital backed healthcare software company, which was acquired in December 2000. He earned his bachelor of arts degree from the Lafayette College in Easton, Penn.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray Companies (NYSE: PJC), is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments - Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis and serves the financial advisory needs of private individuals predominantly across the western half of the United States. The firm has approximately 3,000 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
CONTACT:  Susan Beatty, Public Affairs and Media Relations of Piper
Jaffray, +1-612-303-5680
Web site:  http://www.piperjaffray.com