TRANSACTION BACKGROUND

Dogwood Health Trust was established to receive the proceeds from the $1.5 billion sale of the assets of the non-profit Mission Health System to HCA Healthcare in January 2019.

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Dogwood Health Trust is a private, non-operating foundation with the sole purpose of dramatically improving the health and well-being of all people and communities of Western North Carolina.

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As part of the sale agreement, Dogwood Health Trust will eventually be one of the governing bodies responsible for monitoring HCA’s compliance with its commitments. Dogwood Health Trust has established a Covenant Compliance Committee as a sub-group of its board of directors, for this purpose.

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The Trust is not affiliated in any way with either Mission Health System or HCA. It is governed and operated as an independent entity under the charge of its CEO and Board of Directors. Dogwood is also separate and independent of the legacy foundations that formerly supported Mission Health hospitals.