It is important to note that the Independent Monitor (“IM”) role is completely separate from HCA and Mission Health System. The Independent Monitor is paid by Dogwood Health Trust,
not HCA or Mission Health System.
In addition, a condition of being appointed the Independent Monitor was that the required C-level hospital executive on the IM team could have never been an officer, director, employee, consultant, or other representative of any Seller or Buyer or any of their respective Affiliates. Furthermore, that no person providing substantive work on the engagement could have ever been an officer, director, employee, consultant or other representative of any Seller or Buyer or any of their respective Affiliates within the five (5) years preceding appointment.
Gibbins Advisors continues to comply with these independence requirements.