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CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  Neighbors Global Holdings, LLC C O N F I D E N T I A L I N F O ...
Table of Contents Page 1. Executive Summary  5  2. Operations  15  3. Historical and Projected Financials  21  Consolidati...
Confidentiality Disclaimer Houlihan Lokey Capital, Inc.     Houlihan Lokey     has been retained by Neighbors Global Holdi...
Confidentiality Disclaimer Except as otherwise expressly indicated herein, the information contained in this Presentation ...
Executive Summary  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Transaction Opportunity      Houlihan Lokey is exploring sale alternatives for Neighbors Global Holdings, LLC and Neighbor...
Company Overview     Neighbors owns, operates and manages a network of freestanding emergency rooms     FSERs     througho...
Company History and Timeline     Neighbors has experienced rapid growth across Texas since opening its first center in Bel...
Facility Footprint     Neighbors currently has 22 operating FSERs  all in Texas , along with 12 facilities that were close...
Patient Services     24 7 EMERGENCY CARE     Located in convenient, retail settings and open 24 hours a day, 7 days a week...
Financial Overview     In 2018, the Company is projected to have  51.3 million of Adjusted EBITDA  before corporate , a  2...
Patient Volume Summary     In 2017, patient volumes across the Company totaled 94,518 patients, with an enterprise average...
Payor Overview Payor Data 1      2017     The Company generates patientservice revenue by collecting fees for the care pro...
Investment Highlights Attractive Industry Growth and Demand Factors  Strong Core Business and Cash Flow in Growing Texas M...
Operations  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Facility-Level Operations Overview     The Neighbors base facility staffing model is    1-1-1-1    which includes the foll...
Employee Overview     Neighbors has a highly-dedicated workforce focused on delivering high-quality emergency care service...
Scalable Corporate Infrastructure Hub-and-Spoke Model  Centralized Operations Support      Centralized corporate functions...
Experienced Management Team Seasoned Management Team with Significant Healthcare Industry and Executive Experience  Vacant...
Senior Leadership Tensie Axton Chief Financial Officer      Ms. Axton was appointed CFO of Neighbors in December 2016 and ...
Historical and Projected Financials  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Historical Financial Performance     The Company   s 2017E consolidated income statement for its Operating Facilities is d...
2018 Projection Assumptions Monthly Volume Average PPD     Based on Management s assumptions considering recent volumes tr...
2018P Income Statement     The Company   s 2018 projected consolidated income statement for its Operating Facilities is de...
Working Capital     A summary of the Company   s working capital for its Operating Facilities is below   Net Working Capit...
Historical and Projected Financials Consolidating and Subsidiary Financials  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, A...
Subsidiary Relationship Summary     Neighbors Health, LLC has two primary subsidiaries providing administrative services t...
2017E Consolidating Financial Summary     A build-up of the Company   s 2017E Adjusted EBITDA by operating entity is summa...
2018P Consolidating Financial Summary     A build-up of the Company   s 2018P Adjusted EBITDA by operating entity is summa...
NHS Emergency Centers, LLC  Operating Facilities      NHS Emergency Centers, LLC owns all of Neighbors    22 Operating Fac...
Neighbors Physician Group, PLLC     NPG         NPG is the entity that currently staffs physicians at the Company   s 22 O...
Neighbors Practice Management, LLC     NPM         NPM is primarily involved in billing, coding, collections, practice man...
EDMG, LLC  Corporate      EDMG, LLC provides corporate functions for Neighbors from the corporate office in Houston, Texas...
Legal Entity and Ownership Structure  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Legal Entity Structure  NEIGHBORS LEGACY HOLDINGS, INC  NEIGHBORS GLOBAL HOLDINGS, LLC  CONFIDENTIAL QHENDERSON1 ICLOUD.CO...
Physician Participation Model     The Company   s business model was structured under a participation model whereby physic...
Facility Level Detail  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Facility Level Detail Operating Facilities  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Operating Facilities Summary Unit ID  Facility  Address  Market  Size  SF   Lessor  Opened  2018 Lease Expense  Lease Matu...
Operating Facilities Summary  cont.  Unit ID  Facility  Address  Market  Size  SF   Lessor  2018 Lease Expense  Lease Matu...
Operating Facilities Summary Metrics     A summary of the Company   s net revenue, EBITDAR  before corporate , EBITDA  bef...
Houston Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  42
Houston Market  1  2 3 4 5 6 7 8  9  Neighbors Facility  Location  NEC Baytown  6051 Garth Road Baytown, Texas 77521  NEC ...
Baytown  4003  Facility Overview Facility Financial Summary  Facility Highlights     The Baytown Facility is the strongest...
Baytown  4003  Competitive Landscape Baytown Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Baytow...
Bellaire  4001  Facility Overview Facility Financial Summary  Facility Highlights     The Bellaire Facility was Neighbors ...
Bellaire  4001  Competitive Landscape Bellaire Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Bell...
Crosby  4010  Facility Overview Facility Financial Summary  Facility Highlights     The Crosby Facility was first to marke...
Crosby  4010  Competitive Landscape Crosby Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Crosby P...
Kingwood  4002  Facility Overview Facility Financial Summary  Facility Highlights     The Kingwood Facility is located in ...
Kingwood  4002  Competitive Landscape Kingwood Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM King...
Pasadena  4004  Facility Overview Facility Financial Summary  Facility Highlights     The Pasadena Facility is located in ...
Pasadena  4004  Competitive Landscape Pasadena Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Pasa...
Pearland  4005  Facility Overview Facility Financial Summary  Facility Highlights     The Pearland Facility has consistent...
Pearland  4005  Competitive Landscape Pearland Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Pear...
Porter  4021  Facility Overview Facility Financial Summary  Facility Highlights     The Porter Facility is a strong perfor...
Porter  4021  Competitive Landscape Porter Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Porter P...
Yorktown   Copperfield  4009  Facility Overview Facility Financial Summary  Facility Highlights     The Yorktown Facility ...
Yorktown   Copperfield  4009  Competitive Landscape Yorktown Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 I...
Beaumont Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  60
Beaumont Market  1  2 3  Neighbors Facility  Location  NEC Beaumont  4007   4755 Eastex Freeway Beaumont, Texas 77706  NEC...
Beaumont  4007  Facility Overview Facility Financial Summary  Facility Highlights     The Beaumont Facility is one of Neig...
Beaumont  4007  Competitive Landscape Beaumont Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Beau...
Orange  4011  Facility Overview Facility Financial Summary  Facility Highlights     The Orange Facility has seen improving...
Orange  4011  Competitive Landscape Orange Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Orange P...
Port Arthur Facility  4016  Overview Facility Financial Summary  Facility Highlights     The Port Arthur Facility is locat...
Port Arthur  4016  Competitive Landscape Port Arthur Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.CO...
Northeast Texas Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  68
Northeast Texas Market  1  2  3 4 5 6  Neighbors Facility  Location  NEC Paris  3055 NE Loop 286, Paris Texas 75460  NEC T...
Paris  4035  Facility Overview Facility Financial Summary  Facility Highlights     The Paris Facility is the newest Neighb...
Paris  4035  Competitive Landscape Paris Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Paris Prim...
Texarkana  4026  Facility Overview Facility Financial Summary  Facility Highlights     The Texarkana Facility is located n...
Texarkana  4026  Competitive Landscape Texarkana Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Te...
South Texas Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  74
South Texas Market  1  2 3  Neighbors Facility  Location  NEC Brownsville  2073 E. Ruben Torres Sr. Blvd. Brownsville, TX ...
Brownsville  4022  Facility Overview Facility Financial Summary  Facility Highlights     The Brownsville Facility is centr...
Brownsville  4022  Competitive Landscape Brownsville Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.CO...
Harlingen  4019  Facility Overview Facility Financial Summary  Facility Highlights     The Harlingen Facility has been one...
Harlingen  4019  Competitive Landscape Harlingen Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Ha...
McAllen  4023  Facility Overview Facility Financial Summary  Facility Highlights    000s      The McAllen Facility is loca...
McAllen  4023  Competitive Landscape McAllen Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM McAlle...
Central Texas Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  82
Central Texas Market  1  2 3  Neighbors Facility  Location  NEC Mueller  1801 East 51st St., Building H Austin, Texas 7872...
Mueller  4008  Facility Overview Facility Financial Summary  Facility Highlights     The Mueller Facility is the Company  ...
Mueller  4008  Competitive Landscape Mueller Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Muelle...
West Texas Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  86
West Texas Market  1  2  Neighbors Facility  Location  NEC Eastside  Edgemere   12101 Edgemere Boulevard El Paso, Texas 79...
Midland  4013  Facility Overview Facility Financial Summary  Facility Highlights     The Midland Facility had a strong ini...
Midland  4013  Competitive Landscape Midland Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Midlan...
Odessa  4018  Facility Overview Facility Financial Summary  Facility Highlights     The Odessa Facility has seen consisten...
Odessa  4018  Competitive Landscape Odessa Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Odessa P...
Amarillo  4020  Facility Overview Facility Financial Summary  Facility Highlights     The Amarillo Facility is located on ...
Amarillo  4020  Competitive Landscape Amarillo Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Amar...
Lubbock  4031  Facility Overview Facility Financial Summary  Facility Highlights     The Lubbock Facility is located on th...
Lubbock  4031  Competitive Landscape Lubbock Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Lubboc...
Eastside   Edgemere  4015  Facility Overview Facility Financial Summary  Facility Highlights     The Eastside Facility, is...
Eastside   Edgemere  4015  Competitive Landscape Eastside Market Demographics  Local Market  CONFIDENTIAL QHENDERSON1 ICLO...
Facility Level Detail Closed or Never Opened Facilities  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Closed Facilities  12 5 6  7  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018 Texas  Colorado and Arizona  Close...
Closed Facilities Unit ID  Facility  Address  Region  Size  SF   Lessor  Opened  Closed  2018 Lease Expense  Lease Expirat...
Closed Facilities Unit ID  Facility  Address  Region  Size  SF   Lessor  Opened  Closed  2018 Lease Expense  Lease Expirat...
Never Opened Facilities Construction Completed Unit ID  Facility  Address  Region  Size  SF   Lessor  Status  2018 Lease E...
Appendix  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Appendix Industry Overview  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018
Industry Introduction     The emergency care market in the U.S. has grown steadily over the last decade, with total annual...
Alternate Site Landscape     FSERs serve higher acuity patients than other alternative site    drop-in    facilities, such...
FSER Operating Types     There are two distinct types of FSERs  Hospital Outpatient Departments  HOPDs  - HOPDs are owned ...
Select Industry Trends   Considerations Regulation     Governance and regulatory requirements of FSERs are generally uniqu...
In-Network vs. Out-of-Network Payor Models     IFECs In-Network  Out-of-Network  Payor Contracting  Individual contractual...
P G to create a custom back cover page  CONFIDENTIAL QHENDERSON1 ICLOUD.COM Sunday, April 8, 2018  CORPORATE FINANCE FINAN...