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Quorum Health Corporation Receives Outstanding Payments from Illinois and California
[November 20, 2017]

Quorum Health Corporation Receives Outstanding Payments from Illinois and California


Quorum Health Corporation (NYSE: QHC) announced today progress in collecting amounts due hospitals in Illinois from the State of Illinois. The State of Illinois issued $6 billion in General Obligation bonds in October 2017 for the purpose of paying medical-related vouchers incurred by the state prior to July 1, 2017. As of November 21, the Company will have received $29 million, 45% of the approximate $65 million in arrears from Medicaid and state employee patients. The Company expects to collect additional amounts as the State of Illinois continues to work to reduce its unpaid bill backlog. Additionally and as previously disclosed, subsequent to September 30, 2017, the Company received $31 million of approximately $50 million of 2015 and 2016 outstanding amounts from the California Hospital Quality Assurance Fee program, bringingtotal payments received from Illinois and California from these items to $60 million to date in the fourth quarter of 2017.

About Quorum Health Corporation

Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 31 hospitals in rural and mid-sized markets with an aggregate of approximately 3,000 licensed beds. The Company also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. More information about Quorum Health Corporation can be found at www.quorumhealth.com.


Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Quorum Health Corporation with the Securities and Exchange Commission, including the Company's annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

The terms "QHC," "Quorum Health," "the Company," "we," "us" or "our" refer to Quorum Health Corporation or one or more of its subsidiaries or affiliates as applicable.


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