Valley-Wide Health Systems Inc

On February 3, 2023, Valley-Wide Health System entered into a Memorandum of Understanding (MOU) with Southeast Mental Health Services (Southeast). Southeast operated as a Community Mental Health Center and is affiliated with Southeast Behavioral Health Group, Partnership for Progress, Family Guidance Institute, and Southeast Wellness Works, LLC (collectively, the Health Group). Southeast Mental Health Services and Southeast Behavioral Group and their affiliates provide behavioral health and other services throughout multiple rural counties in southern Colorado.

(continued) To better serve its communities and to capitalize on available synergies the Boards of Directors of Valley-Wide Health System and the Health Group deemed it to be in the best interest of all parties for Valley-Wide Health System to enter into a transaction with Southeast and its respective affiliates. Under the MOU, on March 6, 2023, Valley-Wide Health System became the sole member of Southeast and the Health Group's employees were transferred to Valley-Wide Health System.