EXHIBIT 10.23 Employment Agreement with Dr. Anil Shah, dated March 7, 2005.
This employment agreement ("Agreement") is entered into this 7th day of March, 2005 to be effective upon the
first day that Integrated Healthcare Holding, Inc., a Nevada Corporation ("Company") owns the four (4)
hospitals being divested by Tenet Healthcare System, in Orange County California, specifically, Western Medical
Center - Santa Ana; Western Medical Center - Anaheim; Chapman Medical Center; and Coastal Communities
Hospital, by and between "Company" and Anil V. Shah ("Executive") hereinafter referred to as the
A. The Company is engaged in the business of hospital acquisition and management (the "Business").
B. The Company wishes to employ Executive, and Executive agrees to serve, as Executive Director of
Company, subject to the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby
agreed as follows:
1. TERM OF EMPLOYMENT. The Company hereby employs Executive, and Executive hereby accepts
employment with the Company, for a period of three (3) years commencing on the "Commencement Date" and
ending on March 7, 2008, unless terminated earlier in accordance with the provisions of Section 5 below.
2. POSITION AND DUTIES.
Executive shall serve as the Executive Chairman of the Board of Directors, of the Company. Employee's principal
duties and responsibilities shall be to, in concert with the Chief Executive Officer, the President and the Chief
Financial Officer, set the overall strategies and direction of the Company and monitor and oversee corporate
performance, as well as to guide the Board of Directors, in its role of oversight of corporate activities and
performance. He shall report to the Board of Directors of the Company. Except during va