TOTAL CURRENT ASSETS 104,960 50,062 12,049 7, ,582 10,615 (3,270) 181,927

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1 NORTHERN ARIZONA HEALTHCARE CONSOLIDATED BALANCE SHEET DECEMBER 2017 FMC VVMC NAH NAHOSC Group NAHPG ELIMINATIONS CONSOLIDATED CURRENT ASSETS Cash and Cash Equivalents 12,809 23,907 7,307 5,274 49,297 6,206-55,503 Patient Receivables 259, ,720 (9) 9, ,336 13, ,373 Allowance for Uncollectibles (182,475) (96,318) 9 (8,073) (286,857) (9,460) - (296,317) Other Receivables 5,259 1, , (3,270) 4,572 Inventories at Cost 7,244 2, , ,603 Prepaid Expense 3, , , ,193 TOTAL CURRENT ASSETS 104,960 50,062 12,049 7, ,582 10,615 (3,270) 181,927 PROPERTY PLANT AND EQUIPMENT Land Improvements 2,078 9, , ,920 Buildings 202, ,023 7,197 15, ,819 2, ,480 Major Movable Equipment 130,179 59,921 68,467 1, ,504 3, ,109 Leasehold Improvements 1,429 1, , ,908 Ambulance Equipment 34, , ,751 Allowance for Depreciation (249,141) (118,926) (63,028) (2,102) (433,197) (4,654) - (437,851) Land 5,901 5, ,100 13, ,900 Construction in Progress 16,701 6,939 11,887-35, ,527 TOTAL PROPERTY PLANT & EQUIP 144,741 67,839 26,156 17, ,428 2, ,743 BOARD DESIGNATED FUNDS Funded Depreciation - Unrestricted 448, , , ,836 Assets Limited as to Use 40,123-1,041-41, ,164 TOTAL BOARD DESIGNATED FUNDS 488, ,638 1, , ,001 OTHER ASSETS Land Held for Future Use 6,830 3,548 4,246-14, ,623 Investment in NAHPG 8,198 11, ,372 - (19,372) - Deferred Charges & Other 1,193 1, ,446 10, ,944 TOTAL OTHER ASSETS 16,221 15,753 4,519 8,446 44,939 - (19,372) 25,567 TOTAL ASSETS 754, ,293 43,766 33,648 1,129,949 12,930 (22,642) 1,120,237 2/13/2018

2 NORTHERN ARIZONA HEALTHCARE CONSOLIDATED BALANCE SHEET DECEMBER 2017 FMC VVMC NAH NAHOSC Group NAHPG ELIMINATIONS CONSOLIDATED CURRENT LIABILITIES Accounts Payable 11,875 7, , (3,270) 17,750 Accrued Payable/Payroll Accrual 18,709 2,517 2, ,866 2,235-26,101 Professional and Audit Fees Unemployment Payable 1,341-3,603-4, ,944 Third-Party Payor Settlements 794 1, , ,985 Current Bond Payable 4,686 1, , ,506 Malpractice Insurance Reserve , ,098 Other 830 (1,091) TOTAL CURRENT LIABILITIES 39,128 11,465 7,700 1,721 60,014 3,034 (3,270) 59,778 LONG TERM LIABILITIES Malpractice Insurance Reserve - LT 2,934 1, , ,351 Accrued Pension Liability 42,217 20,014 8,487-70, ,717 Annuity Payable Unamortized Bond Cost (932) (333) - (221) (1,486) - - (1,486) Fixed Rate Loans 90,742 44,835-30, , ,367 Variable Rate Loans 40, , ,000 Other 1, , ,878 TOTAL LONG-TERM LIABILITIES 176,485 66,496 8,487 30, , ,036 TOTAL LIABILITIES 215,613 77,961 16,187 32, ,050 3,034 (3,270) 341,814 EQUITY Beginning Balance 567, ,233 30, ,389 (4,248) - 827,141 *Other Company Support/Equity Changes (24,027) (4,266) 3,430 2,381 (22,482) 22, Transfers from FMC/VVMC ,372 (19,372) - Additional Pension Liability (58,620) (25,131) (5,702) - (89,453) - - (89,453) Current Year Earnings 53,718 16,495 (482) (1,286) 68,445 (27,710) - 40,735 TOTAL EQUITY 538, ,332 27,579 1, ,900 9,896 (19,372) 778,423 TOTAL LIABILITIES AND EQUITY 754, ,293 43,766 33,648 1,129,949 12,930 (22,642) 1,120,237 WORKING CAPITAL 65,833 38,597 4,349 5, ,568 7, ,149 2/13/2018

3 NORTHERN ARIZONA HEALTHCARE CONSOLIDATED STATEMENT OF INCOME & EXPENSES YEAR-TO-DATE DECEMBER 2017 FMC VVMC NAH NAH ADMIN NAHOSC Group Actual Budget % Var Actual Budget % Var PATIENT REVENUE INPATIENT: 343, , , ,495 5% 0 479, ,495 5% OUTPATIENT: 248, , , , ,663 9% 0 401, ,663 9% PHYSICIAN REVENUE N/A 34,686 34,686 36,783-6% TOTAL PATIENT REVENUE 591, , , , ,158 7% 34, , ,941 6% DEDUCTIONS FROM REVENUE CONTRACTUALS ADJUSTMENTS 343, , , , ,124 9% 20, , ,326 8% DENIALS 12,223 6, ,584 10,843 71% 0 18,584 10,843 71% BAD DEBT EXPENSE 14,563 3, ,710 20,483-9% ,067 20,615-8% TOTAL DEDUCTIONS FROM REVENUE 369, , , , ,450 9% 20, , ,784 9% NET PATIENT REVENUE 221,693 68, , , ,708 3% 13, , ,156 2% OTHER OPERATING REV. 5,951 1, ,134 8,878-8% 326 8,460 9,060-7% NAHPG CONSOLIDATED NET OPERATING REV. 227,644 70, , , ,586 2% 14, , ,216 2% EXPENSES SALARIES & WAGES 65,396 24, ,432 1, , ,425 3% 24, , ,925 2% CONTRACT LABOR 3,066 1, ,563 1, % 27 4,590 1, % EMPLOYEE BENEFITS 17,564 5, , ,651 28,083-5% 5,041 31,692 33,404-5% INSURANCE 1, ,574 1,674 54% 125 2,699 1,809 49% INTEREST 1, ,189 3,104 3% 0 3,189 3,104 3% DEPRECIATION/AMORTIZATION 8,225 4, , ,593 16,581 0% ,958 16,890 0% LEGAL & ACCTG. FEES % % PROFESSIONAL FEES 12,271 1, ,769 11,973 15% 2,997 16,767 14,701 14% MEDICAL SUPPLIES 37,746 7, ,019 47,637 44,911 6% ,322 45,739 6% OTHER SUPPLIES 4,548 1, ,663 7,434-10% 195 6,858 7,757-12% UTILITIES 1,775 1, ,519 3,693-5% 131 3,650 3,833-5% PURCHASED SERVICES 15,582 5, , ,403 36,076-5% 5,548 39,951 41,455-4% NAH ADMINSTRATION OH 25,087 8, (35,462) 182 (1,965) (2,014) -2% 1, N/A TOTAL 195,519 62, , , ,516 3% 41, , ,216 2% NET OPERATING GAIN (LOSS) 32,125 7,357 (452) 1 (1,285) 37,746 38,070-1% (27,747) 9,999 11,000-9% NON-OPERATING INVEST/INTEREST 26,014 9, (1) 35,584 12, % 2 35,586 12, % GAIN/LOSS ON JV/OTHER (48) (8) (32) 0 0 (87) % 35 (52) % CONTRIBUTIONS (4,373) (425) (4,798) 2 N/A 0 (4,798) 2 N/A NET INCOME (LOSS) 53,718 16,495 (483) 1 (1,286) 68,445 50,491 36% (27,710) 40,735 23,421 74%

4 Northern Arizona Healthcare Corporation Group Consolidated Statements of Cash Flows (In Thousands) For the Period Ending 12/31/17 Consolidated Group December December June Operating activities Increase in net assets $ 40,722 $ 45,951 $ 65,533 Adjustments to reconcile increase in net assets to net cash provided by operating activities: Increase in investments designated as trading (33,973) (33,973) (99,065) Unrecognized pension cost (31,242) Provision for doubtful accounts 19,067 18,710 40,247 Depreciation and amortization 16,938 16,593 35,430 Loss on extinguishment of debt Net change in current assets and current liabilities, exclusive of cash and cash equivalents (36,842) (36,700) (30,114) Increase/(decrease) in other liabilities (205) (205) (311) Net cash provided by operating activities 5,745 10,414 (19,522) Investing activities Purchases of property and equipment (12,900) (12,461) (49,895) Decrease in deferred charges and other assets 1,627 1,627 19,823 Net cash used in investing activities (11,273) (10,834) (30,072) Financing activities Proceeds from long-term debt 40,000 Repayments of long-term debt (7,961) (6,475) (6,515) Net cash (used in) provided by financing activities (7,961) (6,475) 33,485 Increase in cash and cash equivalents (13,489) (6,895) (16,109) Cash and cash equivalents at beginning of year 68,992 56,192 72,301 Cash and cash equivalents at end of year $ 55,503 $ 49,297 $ 56,192 Supplemental cash flow information Cash paid for interest $ 4,410 $ - $ -

5 Northern Arizona Healthcare System (AZ) Series 2011 Utilization Statistics Fiscal Year 2017 and 2018 Quarter Ending Quarter Ending Quarter Ending Quarter Ending Quarter Ending 12/31/16 3/31/17 6/30/17 9/30/17 12/31/17 Staffed Acute Care Beds Flagstaff Facility Verde Valley Facility Total Acute Care Patient Days Flagstaff Facility 12,877 13,964 13,808 13,869 14,223 Verde Valley Facility 3,991 4,387 4,173 4,315 4,372 Total 16,868 18,351 17,981 18,184 18,595 Acute Care Admissions Flagstaff Facility 2,955 3,040 3,082 3,118 3,054 Verde Valley Facility 1,045 1,085 1,065 1,102 1,038 Total 4,000 4,125 4,147 4,220 4,092 Acute Care Occupancy Rate (Staffed Beds) Flagstaff Facility 57.1% 62.0% 61.9% 61.5% 63.1% Verde Valley Facility 43.8% 48.2% 46.3% 47.4% 48.0% Group Total 53.3% 58.0% 57.4% 57.5% 58.8% Acute Care Avg Length of Hospital Stay Flagstaff Facility Verde Valley Facility Inpatient Surgeries Flagstaff Facility 1,391 1,265 1,385 1,376 1,462 Verde Valley Facility Total 1,608 1,508 1,610 1,591 1,677 Outpatient Surgeries Flagstaff Facility 1,316 1,337 1,364 1,419 1,414 Verde Valley Facility NAHOSC 1,199 1,156 1,297 1,102 1,368 Total 2,910 2,972 3,110 2,901 3,181 Emergency Room Visits Flagstaff Facility 11,505 11,740 12,449 12,408 11,896 Verde Valley Facility 5,951 6,459 6,401 6,457 6,521 Verde Valley Sedona Facility 1,464 1,665 1,785 1,713 1,676 Total 18,920 19,864 20,635 20,578 20,093 Rehabilitation/ Psychiatric Days Flagstaff Rehabilitation Verde Valley Behavioral Health Flagstaff Behavioral Health 1,503 1,455 1,455 1,460 1,374 Rehabilitation Average Length of Stay Flagstaff Rehabilitation Verde Valley Behavioral Health Flagstaff Behavioral Health