Press release

Graham Healthcare Group Intensifies Growth Strategy with Hiring of New Strategic Partnerships Vice President

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Graham Healthcare Group, a subsidiary of Graham Holdings Company (NYSE:
GHC), is intensifying its growth strategy of investing in joint ventures
with hospital operators. The organization currently partners with 5
companies across 3 states to manage post-acute services and is pleased
to announce that Shellé Jones has joined Graham Healthcare Group as Vice
President of Strategic Partnerships.

Previously, Jones was Vice President of Strategic Partnerships with
Dallas-based AccentCare, Inc.

“Shellé has in-depth experience in post-acute care leadership roles in
operations, sales, and strategy in the healthcare arena, ideally
positioning her to take the lead in strategic partnerships with Graham
Healthcare Group,” said David Curtis, CEO of Graham Healthcare Group
Home Health and Justin DeWitte, CEO of Graham Healthcare Group Hospice.

“I am excited to be working with the team at Graham Healthcare to grow
our organization through strategic partnership development,” said Jones.
“When well executed, strategic partnerships enable our teams to deliver
better care and improve outcomes for patients.”

In a time when projected growth of the US population over 65 is growing
rapidly and reimbursement is increasingly tied to outcomes beyond the
walls of acute-care settings, high performing home-based post-acute care
assets are an essential tool in improving patient outcomes and driving
improved profitability. With a history of successful home-based
post-acute care operations, collaborative partnerships, and financial
stability, Graham Healthcare Group is the ideal partner for health
systems, physician groups, and senior living providers who either
currently own home-based post-acute assets or would like to.

Jones will be instrumental in supporting Graham Healthcare’s partner
organizations to develop and execute an integrated home-based post-acute
strategy that supports the unique needs of the communities they serve.

About Graham Healthcare Group (www.grahamhealthcaregroup.com)

As an innovator in an evolving healthcare world, Graham Healthcare Group
has been designing business and technology solutions to drive better
care, outcomes and productivity within its own home health and hospice
companies for over 20 years. The companies that comprise Graham
Healthcare Group, a subsidiary of Graham Holdings Company (NYSE: GHC),
include Residential Healthcare Group, Allegheny Health
Network-Healthcare @ Home and Mary Free Bed at Home. Each company offers
industry-leading care coordination, healthcare solutions and clinical
expertise with leading patient outcomes and satisfaction. Graham
Healthcare Group is deeply committed to radically changing the home care
model by putting patients and their families at the top of the paradigm,
while enhancing the quality and consistency of healthcare in the most
convenient and cost-effective setting possible: at home.

About Graham Holdings Company (www.ghco.com)

Graham Holdings Company (NYSE: GHC) is a diversified education and media
company whose principal operations include educational services;
television broadcasting; online, print and local TV news; home health
and hospice care; and custom manufacturing. The Company owns Kaplan, a
leading global provider of educational services; Graham Media Group
(WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio,
WJXT–Jacksonville, WCWJ-Jacksonville, WSLS-Roanoke); The Slate Group
(Slate and Megaphone); and Foreign Policy. The Company also owns
SocialCode, a leading social marketing solutions company; Graham
Healthcare Group, home health and hospice providers; Dekko, a
manufacturer of electrical solutions for applications across three
business lines: workspace power solutions, architectural lighting, and
electrical components and assemblies; Hoover Treated Wood Products, a
manufacturer of pressure-impregnated kiln-dried lumber and plywood
products for fire retardant and preservative applications; Joyce/Dayton
Corp., a manufacturer of screw jacks, linear actuators and lifting
systems; and Forney Corporation, a manufacturer of burners, igniters,
dampers and controls for combustion processes in electric utility and
industrial applications.