On March 11, 2020, Quorum Health Corporation responded to an update provided by KKR Credit Advisors (US) LLC March 10, 2020 regarding the previously disclosed non-binding proposal letter delivered to the Company on December 2, 2019. The Company, together with its financial and legal advisors, continues to engage in constructive discussions with KKR and other debt holders regarding a potential recapitalization or financial reorganization transaction. The Company’s objective is to reach a consensual agreement that enables it to reduce its annual interest expense, enhance its operations and invest in future growth.