Financial Progress - 1999

• Improved Operating Performance

  - Volumes
  
  - Margins

• Sold Non-Core Assets

  - Completed 11 transactions
  
  - Divested hospitals with poor performance or strategic fit

• Improved Balance Sheet and Credit Statistics

  - Paid down debt from $674 million to $565 million
  
  - Reduced Debt/EBITDA from 5.2 to 3.5
  - Increased cash from $0 to $71 million
  - Improved interest coverage from 2.0 to 2.3

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