Newport Hospital Corporation Press Release

Newport Hospital Corporation is pleased to announce that a viable financing plan is underway for the development of the entire West Maui Hospital and Medical Center project, which consists of a 25 bed acute-care bed hospital, 40 bed assisted living facility, 40 bed skilled nursing facility, a state of the art medical office building, and a future drug and alcohol rehabilitation facility. This plan includes a sale/leaseback arrangement wherein the newly formed non-profit West Maui Hospital Foundation, Inc. will serve as the operator of the Hospital and Critical Access HealthCare, LLC will manage the Hospital. This plan, together with the recent formation of the West Maui Hospital Foundation, encapsulates the continued promise to the community to provide a "Center of Excellence" in acute healthcare with a 24-hour Emergency Room to West Maui.

The West Maui Hospital Foundation was incorporated in April of this year and arose out of the continued dedication to of a few highly respected community members to bring quality healthcare to West Maui. These community members represent the current Board of Directors of the West Maui Foundation: JoAnne Johnson-Winer, a former two term Maui County Council Member for West Maui who currently serves the role of Maui County Transportation Director; Howard Hanazawa, Civil Engineer, former Senior Vice President of Kaanapali Land Management, forty year resident of Maui, and current Maui County Police Commissioner; Dr. Alfred Arensdorf, Psychiatrist, former Maui Health District Officer, thirty-six year resident of Maui and previous executive assistant to Mayor Tavares; and Mr. Brian Hoyle, President of Newport Hospital Corporation. These individuals have shown a steadfast commitment to the community and will continue to work through the West Maui Hospital Foundation in raising $5 million in donations solely dedicated to funding of the West Maui Hospital's start-up and ongoing working capital needs.

Updates in the coming months will be available on the West Maui Hospital and Medical Center site at www.westmauihospitalandmedicalcenter.org. Further, once the West Maui Hospital Foundation obtains its official 501(c)(3) designation in the very near future, donations will be accepted on its website at www.westmauihospitalfoundation.org.