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Quorum Health Corporation Announces Board of Directors Has Completed Its Investigation Related to the Spin-off from Community Health Systems

BRENTWOOD, Tenn.--(BUSINESS WIRE)--

Quorum Health Corporation (QHC) has today announced that its Board of Directors, acting through three independent outside directors, has completed its investigation of certain matters related to the “spin-off” of the Company from Community Health Systems, Inc. in April 2016, which were raised in a letter dated October 12, 2016 from R2 Investments, LDC.

A letter summarizing the Board’s investigation and conclusions was delivered to R2 Investments today, and is available using the link below and at the Investor Relations section of the Company’s website, www.quorumhealth.com.

http://www.quorumhealth.com/wp-content/uploads/2017/04/LettertoBoardofDirectorsREOctober12Letter.pdf

About Quorum Health Corporation

Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. Through its affiliates, the Company owns or leases a diversified portfolio of 35 affiliated hospitals with an aggregate of approximately 3,400 licensed beds. The Company also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. More information about Quorum Health Corporation can be found at www.quorumhealth.com.

Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Quorum Health Corporation with the Securities and Exchange Commission, including current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or “our” refer to Quorum Health Corporation or one or more of its subsidiaries or affiliates as applicable.

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