SAINT FRANCIS HEALTH SYSTEM UNAUDITED FINANCIAL STATEMENTS NINE MONTHS ENDED MARCH 31, 2016 AND MARCH 31, 2015

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1 SAINT FRANCIS HEALTH SYSTEM, INC UNAUDITED FINANCIAL STATEMENTS NINE MONTHS ENDED 2016 AND 2015 CONTACT INFORMATION: PREPARED BY: DOUGLAS FORMAN TINA MCCOLLAM SAINT FRANCIS HEALTH SYSTEM SAINT FRANCIS HEALTH SYSTEM FINANCIAL SERVICES FINANCIAL SERVICES 6161 S. YALE AVE 6161 S. YALE AVE. TULSA, OK TULSA, OK PHONE: FAX:

2 SAINT FRANCIS HEALTH SYSTEM, INC UNAUDITED FINANCIAL STATEMENTS NINE MONTHS ENDED 2016 AND 2015 WARNING This document is marked with a dated date and speaks only as of that dated date. Readers are cautioned not to assume that any information has been updated beyond the dated date except as to any portion of the document that expressly states that it constitutes an update concerning specific recent events occurring after the dated date of the document. Any information contained in the portion of the document indicated to concern recent events speaks only as of its date. Saint Francis Health System, Inc. expressly disclaims any duty to provide an update of any information contained in this document. The information contained in this document may include "forward looking statements" by using forward-looking words such as "may," "will," "should," "expects," "believes," "anticipates," "estimates," or others. You are cautioned that forward-looking statements are subject to a variety of uncertainties that could cause actual results to differ from the projected results. Those risks and uncertainties include general economic and business conditions, receipt of funding grants and various other factors which are beyond our control. Because we can not predict all factors that may affect future decisions, actions, events, or financial circumstances, what actually happens may be different from what we include in forward-looking statements.

3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION Difference Increase/(Decrease) UNAUDITED UNAUDITED Current Assets Cash and Cash Equivalents $ 342,790,066 $ 320,433,348 $ 22,356, % Short-term Investments 500,871, ,839,970 78,031, % Patient accounts receivable,less allowance 130,789, ,611,450 18,178, % Inventories 23,398,904 22,745, , % Prepaid Expenses and Other Receivables 42,949,742 39,451,355 3,498, % Total Current Assets 1,040,799, ,081, ,717, % Investments 650,549, ,816,376 40,733, % Assets Whose Use is Limited Board Designated Funds, Held by Trustee: Professional Liability Self-Ins Reserve 32,911,175 27,487,436 5,423, % Other Restricted Assets 21,822,169 18,642,486 3,179, % Total Limited and Restricted Funds 54,733,344 46,129,922 8,603, % Property, Plant and Equipment Land and Land Improvements 61,725,028 55,411,478 6,313, % Buildings 625,783, ,222, ,560, % Equipment 452,630, ,086,105 62,544, % Construction in Progress 18,342, ,541,517 (223,199,327) % Less: Accumulated Depreciation (535,743,840) (489,099,756) (46,644,084) 9.54% Net Property, Plant and Equipment 622,737, ,161,571 (29,424,226) -4.51% Other Assets Investment in Affiliates 82,160,172 82,572,708 (412,536) -0.50% Other 21,902,906 21,407, , % Total Other Assets 104,063, ,980,680 82, % Total Assets $ 2,472,883,210 $ 2,330,170,190 $ 142,713, %

4 CONSOLIDATED STATEMENT OF FINANCIAL POSITION Difference Increase/(Decrease) Current Liabilities Current Maturities of Long-Term Debt $ 6,835,000 $ 6,540,000 $ 295, % Accounts Payable and Accrued Expenses 59,585,444 37,724,798 21,860, % Employee Compensation /Related Liabilities 65,107,867 59,233,630 5,874, % Due to Medicare Intermediary 15,270,057 20,899,967 (5,629,910) % Total Current Liabilities 146,798, ,398,395 22,399, % Long Term Debt, less Current Maturities 199,736, ,962,298 (7,226,063) -3.49% Other Long-Term Liabilities 71,927,424 63,448,735 8,478, % Net Unrestricted Assets 2,054,421,183 1,935,360, ,060, % Minority Interest Total Liabilities and Net Assets $ 2,472,883,210 $ 2,330,170,190 $ 142,713, %

5 Consolidated Statements of Operations and Changes in Net Assets SAINT FRANCIS HEALTH SYSTEM, INC. Consolidated Statements of Operations and Changes in Net Assets NINE MONTHS ENDED Difference Increase/ (Decrease) Revenues: UNAUDITED UNAUDITED Net patient service revenue $ 958,726,775 $ 903,226,699 $ 55,500, % Provisions for bad debts $ (64,741,975) $ (70,510,379) $ 5,768, % Net patient service revenue less provisions for bad debt 893,984, ,716,320 61,268, % Other operating revenue 24,832,635 24,436, , % Total revenues 918,817, ,153,151 61,664, % Expenses: Salary Expense 360,738, ,150,314 20,588, % Employee Benefits 86,766,859 85,179,101 1,587, % Occupancy expense 47,357,891 44,808,931 2,548, % Drugs and patient care supplies 181,120, ,719,405 23,400, % Administrative expense 74,017,033 83,307,456 (9,290,423) % Office expense 7,476,403 7,249, , % Interest expense 7,364,501 7,521,592 (157,091) -2.09% Depreciation expense 51,731,364 50,134,596 1,596, % Total expenses 816,572, ,071,377 40,501, % Income from operations 102,244,536 81,081,774 21,162, % Other income (expense): Investment income (18,171,393) 15,388,632 (33,560,025) % Equity investment earnings in managed funds (11,368,091) 1,355,876 (12,723,967) % Donations 215,976 2,642,493 (2,426,517) % Earnings of affiliates (1,987,988) 4,104,362 (6,092,350) % Other, net (2,133,158) (1,385,852) (747,306) 53.92% Excess of revenues over expenses 68,799, ,187,285 (34,387,403) % Restricted donations (total of change from YE in an 2,098, ,877 1,276, % Donation of long-lived assets 4,035,000-4,035, % Increase/(decrease) in net assets 74,933, ,009,162 (29,076,088) % Net assets, beginning of period 1,979,488,109 1,831,351, ,136, % Net assets, end of period $ 2,054,421,183 $ 1,935,360,762 $ 119,060, %