Singing River Health System Board of Trustees Votes to Pursue a Fully Integrated Model

GULF COAST, MISSISSIPPI, June 1, 2022 – As part of Singing River Health System’s ongoing
commitment to providing our community with the best possible healthcare, the Board of
Trustees today voted to pursue a fully integrated model or sale with a like-minded healthcare
organization that will invest in and grow our system.

Our Board of Trustees is singularly focused on doing everything possible to secure the best
future for local healthcare in Jackson County and along the Gulf Coast while managing the
complexities of a constantly evolving healthcare industry. Over the last decade, the healthcare
industry has continually changed, with community hospitals like ours facing the strongest
headwinds.

To keep delivering award-winning care to our patients, our Board of Trustees and Executive
Leadership Team continuously evaluate partnerships and collaborative opportunities. They
believe the time is right to explore a fully integrated model that will benefit our employees,
physicians and advanced practice providers – ensuring the best possible future of healthcare in
our communities.

What’s Next

Nothing changes today. The next step in the partnership exploration process is for our Board of
Trustees to present a resolution to the Jackson County Board of Supervisors on June 6th. If the
Board of Supervisors votes to approve the resolution, they will move forward with a formal
statutory process related to the potential sale or other full integration of Singing River, which
includes holding a public hearing on the issue.

Singing River has an existing partnership with Ochsner Health, and Singing River expects to
engage in negotiations with Ochsner Health early in, and as part of, the formal process. If the
sale or full integration process proceeds beyond the public hearing, the formal process will also
include the Board of Supervisors pursuing a formal request for proposals from other health
systems that may be interested in submitting offers that are higher and/or better than Ochsner
Health’s offer. If a sale or other full integration occurs, the Singing River assets will be sold to or
fully integrated with the highest and best bidder that is identified during the formal process.