HCA South Atlantic Division September 30, 2016

HCA South Atlantic has signed a non-binding memorandum of understanding for exclusive discussions regarding the future operation of Mayo Clinic Health System in Waycross and ways for HCA to collaborate with the hospital to continue to meet the healthcare needs of the community.

In the spring of 2016, the Waycross board commissioned a national search for a potential partner to assume the hospital’s operations. “We are pleased that the expansive, thoughtful and thorough review of affiliation opportunities and strategic options for our community hospital has brought us to these exclusive negotiations with HCA South Atlantic,” said Owen Herrin, vice chairman for the Board of Directors.

“The signing of this memorandum of understanding is an important first step in continuing our discussions with the hospital team,” said Hugh Tappan, president of HCA South Atlantic Division. “We look forward to exploring ways to assist the health system in Waycross as they advance their tradition of providing compassionate, quality care to patients in southeastern Georgia.”

“The hospital’s board of directors undertook strategic planning initiatives to ensure the continued delivery of healthcare services to the communities the hospital serves,” said Herrin. “We are optimistic that HCA can be a partner that not only ensures the long-term success of the hospital, but also delivers excellent patient care, invests in our communities and supports the local economy.”

The health system and HCA South Atlantic will continue exclusive discussions with the intent to execute a definitive agreement to operate. Any resulting transactions would need to meet certain regulatory requirements and approvals before they may be completed.