About Juniper Advisory

As the only independent investment banking firm working exclusively with hospitals and health systems, Juniper Advisory offers a range of services, including:

> Financial condition and strategic options assessment
> Assisting community hospitals to evaluate their ability to remain independent
> Health system growth strategies
> Designing and structuring a variety of business combination transactions, with experience in:

• Affiliations, joint operating agreements, system collaborations, management agreements, leases, and other non-change-of-ownership partnerships
• Joint ventures, including buyer and seller joint ventures, shelf joint ventures, and academic medical center joint ventures
• Hospital Mergers via stock mergers and hospital or health system membership substitutions
• Acquisitions and hospital and health system growth strategies

Juniper specializes entirely in healthcare client advisory work. We have no underwriting, trading, or other proprietary activities. Our business is assisting the Boards of Directors and management teams of hospitals and health systems to plan and execute complex strategic partnerships. This allows us to offer advice that is free of distraction and without bias toward outcome. This single-minded focus, as well as our deep experience and understanding of the healthcare sector, has allowed us to advise on many of the largest and most noteworthy change-of-control transactions in the industry.