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Corporate Presentation
NYSE American: HLTH
August 2017
Forward-Looking Information
This presentation contains forward-looking information (within the meaning of applicable securities laws)
relating to the business of Nobilis Health Corp. (the "Company") and the environment in which it
operates. Forward-looking information may include statements regarding the objectives, business
strategies to achieve those objectives, expected financial results, economic or market conditions,
industry specific information, and the outlook of or involving the Company and its business. Such forward
looking information or statements are typically identified by words such as "believe", "anticipate",
"expect", "intend", "plan", "will", "may" and other similar expressions.
Forward-looking information, including any financial outlooks, is provided for the purpose of providing
information about management's expectations and plans about the future and may not be appropriate for
other purposes. Forward-looking information herein is based on various assumptions and expectations
that the Company believes are reasonable in the circumstances. No assurance can be given that these
assumptions and expectations will prove to be correct and the forward-looking information, including the
financial outlooks included in this Presentation, should not be unduly relied upon. Those assumptions
and expectations are based on information currently available to the Company, including the historic
performance of the Company's business. Such assumptions include anticipated financial performance,
current business, industry and economic trends, and business prospects and are subject to the risks and
uncertainties which are discussed in the Company's regulatory filings available on the Company's web
site at www.NobilisHealth.com, www.sec.gov, or at www.sedar.com. Any forward-looking statements that
we make are based on assumptions as of today, and we undertake no obligation to update them.
The Company’s management has approved the financial outlooks contained in this presentation.
2
Nobilis at a Glance
3
o Based in Houston, TX, Nobilis is an owner, operator, and manager
of Surgical Hospitals, ASCs and Clinics
• Founded in 2007 and now operates in 10 markets across 5
states totaling 27 facilities
o Facilities - 4 surgical hospitals, 10 ASCs, 13 multi-specialty clinics,
and 35 partner facilities
o Core strategy - optimized case mix across the portfolio
• Higher acuity procedures, higher levels of reimbursement
• Focus on minimally invasive procedures
o Unique direct-to-patient marketing model
• Brand procedures and drive additional surgical volume to
portfolio of facilities
• Consumerism - capitalizes on this growing trend in healthcare
• Drives organic growth
o Strong, scalable platform to expand to nationwide player
o Compelling value proposition for physicians, patients, and payors
Company Overview Geographic Locations
Markets	with	Nobilis	
owned	facilities
Markets	with	Nobilis	
partner	facilities
Established reputation
for high quality patient
care, utilizing state-of-
the-art technology
Strong management team
with proven track record of
successfully integrating
newly acquired businesses
Unique direct-to-patient
marketing model that drives
additional surgical volume
to Nobilis facilities
$321 million in Revenue
and $37 million in Adjusted
EBITDA for LTM June 2017
with low capex requirements
Key Company Highlights
Nobilis Business Overview
4
Case Mix
Case Volume
Payor Mix
Note: Unless otherwise dated, figures are based on the LTM period ended 6/30/2017, pro forma for the full year impact of the AZ Vein acquisition.
Note 2: Case mix based on number of cases; payor mix based on revenue.
ENT 4% General	
Surgery 4%
Ortho 7%
Pain 27%
Spine 18%
Bariatrics 21%
Plastic	
Surgery 10%
GYN 3%
Other 7%
AETNA 20%
BCBS 17%
CIGNA
9%
UHC 34%
Other	
Commercial 12%
Self	Pay 5% WC 3% Medicare 1%
8,740	
17,814	
20,459	
25,190	
-
5,000	
10,000	
15,000	
20,000	
25,000	
30,000	
2014 2015 2016 2017	E
5
Historical Performance
Total Revenue Adj. EBITDA
Strong	Track	Record	of	Revenue	and	Adj.	EBITDA	
Growth
2016	- Year	of	Investment
$31
$84
$229
$286
$317.5
$0
$50
$100
$150
$200
$250
$300
$350
2013 2014 2015 2016 2017E
Revenue(Millions)
$3
$10
$40
$34
$42.5
$0
$10
$20
$30
$40
$50
2013 2014 2015 2016 2017E
Adj.EBITDA(Millions)
*2017	Guidance	as	provided	on	March	13,	2017
Revenue:	$310M-$325M
Adj.	EBITDA:	$40M-$45M
Management Team
o Joined Nobilis in 2010
o Previously served as CFO, President and Executive Chairman of Nobilis
o Earned an MBA from Boston College, a J.D. from the University of Houston, and a B.A. from the
University of St. Thomas
6
Harry Fleming
Chief Executive Officer
Kenneth Efird
President
David Young
Chief Financial Officer
Patrick Yoder
Chief Revenue Officer
Marissa Arreola
Chief Strategy Officer &
President of Concertis
o Joined Nobilis in 2010
o Previously served as Chief Operating Officer & Chief Business Development Officer at Nobilis
o Founder & CEO of Diagnostic and Interventional Spine Centers
o Doctorate from Texas Chiropractic College
o Joined Nobilis in 2017
o Previously served as Divisional CFO for St. Jude Medical’s America division
o Licensed CPA
o Earned an MBA from the University of Texas at Austin
o Joined Nobilis in 2014
o 15 years of healthcare sales and business development
o Previously held successful sales leadership positions at Intuitive Surgical, Medtronic, and Pfizer
o Earned a B.A. from Rhodes College
o Joined Nobilis in 2016
o Partner at Baker Donelson, specializing in health law and served as a Director at Houston Methodist
Hospital System
o Earned a J.D. from the University of Houston and B.A. from Rice University
Management Team (Cont’d)
o Joined Nobilis in 2015
o Previously served as CFO at Northstar Healthcare LLC and Nobilis
o 20 years of financial and accounting reporting in the healthcare industry
o Earned an M.B.A. from Texas Woman’s University and a B.S. from Sacred Heart University
7
Kenneth Klein
CFO of Operations
Phil Ayres
VP of Marketing
o Joined Nobilis in 2017
o Previously served as Director of Marketing for Travelocity and Director of Online Marketing at
Hotels.com
o Earned a J.D. from University of Tennessee College of Law and a B.S. from Vanderbilt University
Marc Celia
EVP of Operations
o Joined Nobilis in 2017
o 20 years of operational and managerial experience in the healthcare industry
o VP of Continuous Improvement for United Surgical Partners International/ Tenet Healthcare
(“USPI”) and CEO of Memorial Hermann Surgical Hospital Kingwood, in Houston, Texas
o Earned a B.S. from Boston University and a M.S. from University of Maryland
Marcos Rodriguez
Chief Accounting Officer
o Joined Nobilis in 2016
o Began his career at Deloitte & Touche LLP and served five years as Director at Opportune LLP
o 19 years of financial and accounting reporting, external and internal audits, and SEC regulations
o Earned a B.S. from Louisiana State University and is a licensed CPA
Brandon Moreno
VP of Finance
o Joined Nobilis in 2014
o 10 years of finance and accounting experience in the healthcare industry,
including HCA and Tenet
o Earned an M.B.A. from University of Texas – San Antonio and a B.S. from New
York University
Key Investment Considerations
o 66% of all surgeries are outpatient with >50% performed in ASCs vs. 32% in 2005
o Lower cost, high quality outpatient setting; trend toward increased consumerism in healthcare
o Abundance of desirable acquisition opportunities due to fragmented market
8
Attractive Industry
Fundamentals
Unique Marketing Model
Favorable Payor and
Procedure Mix
Patient-Centric Value
Proposition
Attractive Financial Profile
Experienced Management
Team
o Multiple marketing channels drive volume growth
o Proprietary technology platform targets prospective patients
o Strong value proposition: Superior patient experience that expands physicians’ practices
o Marketing segment targets higher acuity cases resulting in a highly attractive case mix
o Procedure diversification increases the stability of the revenue base
o Unique marketing model increases case volumes and provides superior patient experience
o Offer optimal surgical environments that result in better overall quality of care
o Offer ancillary and complementary services that lead to better efficiency and better outcomes
o Low leverage
o Low capital expenditure requirements
o Strong management team with M&A and healthcare experience
o Seasoned Ops team leads to financial and operation efficiencies
o Strong in-house and outside legal team to safely navigate complex healthcare space
Introduction	&	Transaction	OverviewIndustry Overview
Surgical Setting Background
Traditional Hospitals
o Full-service hospital
o Inpatient and outpatient
o > 5,700 hospitals
o 60%+ not-for-profit
Specialty Surgical
Hospitals (SSHs)
o Typically specialize in
orthopedics, spine, ENT
o Inpatient and outpatient
o ~ 300 SSHs
Ambulatory Surgical
Centers (ASCs)
o Outpatient only
o > 5,500 ASCs
o 70%+ owned by
independents
10
Source: Becker’s.
Growth of the ASC Industry
o Estimated at $32 billion, the ASC industry is expected to continue
robust growth due to efficient cost structures and increased
government focus on healthcare
• Industry revenues to expected grow 7.5% as the population ages
and the newly insured access care, reaching $40 billion annually
o Despite recent consolidation activity, the ASC industry remains highly
fragmented
• Independent operators, hospitals and small chains comprise 78%
of the 5,500 ASCs in the U.S., while the eight largest ASC
owner/operators comprise ~22% of the overall market
o Economies of scale drive partnership decision for physician-owned
practices
• Major operators can provide ancillary and complementary
services, normally outsourced to third-party providers, leading to
greater efficiency and better outcomes, while controlling costs
and diversifying service offerings
Source: CSM, Equity Research, IBIS healthcare expenditures estimates, Becker’s.
Projected ASC Industry Revenue
Outpatient Surgeries Moving to ASCs: 1981 to 2016
($ in billions)
11
Factors Influencing ASC/SSH Demand
Steady reimbursement
rates from government
payors support a stable
operating environment at
ASCs & SSHs
Increased ASC/SSH Abilities
Government Funding
Advances in surgical
techniques & technology
have increased the number
& types of outpatient
procedures driving higher
patient volumes
As the economy improves,
greater disposable income
will enable patients to
better afford out-of-pocket
expenses at ASCs &
SSHs
Disposable Income
Growing Insured Population
The insured population
is expected to grow 2%
annually through 2017
$16 $17
$19 $20 $21 $22 $23
$25
$27
$30
$32
$34 $36
$38
$40
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015E
2016E
2017E
2018E
2019E
2020E
ASCs,	6%
Hospital	
Outpatient,	
84%
ASCs,	50%
Hospital	
Outpatient,	
50%
27%
17% 17%
13%
10% 9%
4% 3% 2% 1%
0%
5%
10%
15%
20%
25%
30%
GI
Ortho.
Optha.
Pain
Other
ENT
Plastic
Podi.
Urol.
Neuro.
Dynamics Driving Industry Growth
o Case volume at ASCs is projected to increase by 9 - 12%
through 2025
o There are 5,500 ASCs across the U.S., and 90% have some
degree of physician ownership
o Many ASCs focus on elective procedures which are common
in affluent urban and suburban areas with large proportions of
commercially insured patients
o Nobilis’ focus is on the 40% of the market with higher
reimbursement
Specialty Procedures
Orthopedics
Knee arthroscopy, carpal tunnel, rotator cuff
repair, incise finger tendon sheath and wrist
endoscopy
Pain
Management
Injection lumbar / sacral, injection cervical,
thoracic and destruction neurolytic agent
Bariatrics
Gastric bypass, sleeve gastrectomy,
adjustable gastric band, biliopancreatic
diversion with duodenal switch
Source: Wall Street Research, Becker’s.
12
Average ASC Industry Payor Mix
Industry Dynamics ASC Industry Specialty Mix
Top Procedures
Nobilis Key
Procedures
67%
18%
11%
4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Commercial Medicare FFS Worker's Comp
/ Other
Medicaid
Advanced Imaging 13%
Arthrocentesis / Injections
5%
Rehab & Chiropractic
14%
Standard Imaging
13%
E&MVisits
17%
Fusion Surgery
Spinal Decom. / Laminec.
Vertebral Augmentation
23%
27%
25%17%
-9%
-5%
-2%
2%
Less Complex Procedures Shift to Outpatient
o Less complex spine procedures shifting from inpatient to outpatient with significant estimated growth potential
o Key spine procedures have stronger tailwinds due to demographics and improvements in technology
o ~31 million Americans experience back pain at any given time
o ~600,000 Americans undergo spine surgery every year
Lumbar / Thoracic Fusion
Cervical Fusion
No Procedure and
Diagnostics
Spinal Decompression/
Laminectomy
Vertebral Augmentation
Procedures
Revision Spinal Procedure
Note: Growth rate data reflects U.S. market. 13
Source: Wall Street Research.
-11%
Inpatient Spine Discharges 2014 – 2019 Outpatient Spine Volumes 2014 – 2019
Nobilis Key
Procedures
Introduction	&	Transaction	OverviewSales and Marketing Strategy
We	provide	patients	with	
access	to	highest	quality	
healthcare	in	the	country,	
while	providing	physicians	
increased	patient	reach	
and	advanced	operating	
facilities.	
Sales and Marketing Strategy
15
Goal:	Self-source	business	and	maximizeROI.
OurUnique	
Approach
We	provide	patients	personalized	treatment	plans	and		
access	to	multi-disciplinary	medical	staff	and physicians.
Sales & Marketing
1
Direct toConsumer (DTC)
LeadGeneration
ConciergeService
Conversion to Surgical
Patient
Patient Experience
FollowUp
Successful Patient Outcomes
Sales Outreach to
Referral Community
Physician Referral to
NobilisBrand
Leverage concierge
service for enhanced
patient experience
3
360 Concierge
Sales Outreachto
Physicians
Physician & Patient
Conversion
Nobilis Facility
CaseAcquisition
2
PhysicianRecruitment
Patient and PhysicianSatisfaction
Sales and Marketing Strategy
16
Unique Patient Acquisition Strategy
17
Nobilis Brands
Lead Generation Concierge Service
§ Inside sales team and IT platform
to maximize patient experience
§ 9 brands marketed directly to
patients via omni-channel
marketing strategy
Patient Tracking Conversion to Surgical Patient
§ Patient education, medical
review, insurance verification,
and surgical scheduling
§ Patient follow-up, experience
surveys, and referrals
o Marketing and technology platform that targets prospective patients
o Unique value proposition to physicians; superior patient experience
o Generates higher acuity cases vs. traditional referral model
o Scalable revenue driver
o Portfolio effect: direct cases to specific facilities on a procedure-by-
procedure basis for best return
o In-house marketing team works one-on-one with physicians to
develop and distribute customized marketing plans
o Build and execute marketing plans on behalf of physicians
o Helps to expand physicians’ practices, while also driving
additional volume to facilities
o High average ROI
Direct-to-Consumer Marketing Physician Sales
High-Touch Marketing Model
Ancillary Services
Nobilis began providing ancillary services in 2015 and has continued expanding its ancillary service
offerings with the addition of clinical lab testing services in 2016 and physical therapy in 2017
o Nobilis began offering lab
services for patients
through Hermann Drive
Surgical Hospital (HDSH)
in September 2016
o Set up to process
~4,000 tests on a
monthly basis
First Assist (Staffing)
o Cover 100% of
outpatient spine cases
through qualifying DTC
o Specialties: Spine,
Bariatrics, ENT,
Orthopedic, Plastic,
General
o Focused on spine procedures
o 100% of DTC cases
o 7 States
o 44 Different Facilities (Both
Nobilis and non-Nobilis
Facilities)
o Specialties: Spine, Neuro,
Ortho, CV, ENT
o Covers most NHC
facilities
o Helps recruit partner
physicians
o Specialties: Spine,
Bariatrics, ENT,
Orthopedic, Plastic,
General
o Nobilis launched Physical
Therapy Services in April
2017 as a Hospital
Outpatient Department of
Plano Surgical Hospital
o Provides patients and
physicians with a partner
in the continuum of care
18
Laboratory Neuromonitoring Anesthesia Physical Therapy
o Nobilis is actively seeking potential M&A
targets in the ancillary services space
o Typically focus on acquisitions with
revenue potential system wide
o Increased capabilities position Nobilis to
execute alternative payment
methodologies for payors
o 2016 revenue of $20.4 million
o 2015 revenue of $2.3 million
o Maximizes revenue by capturing
additional revenue streams per patient
o Continuity of care for patients
o Helps recruit top physicians
o Increased patient & physician
satisfaction
o Improve patient outcomes
o Accretive earnings
Benefits Financial Contribution Development
Growth Strategy
19
1 Marketing Expertise Drives Organic Growth 2
3 4
o Continue utilizing multiple marketing channels to drive volume
growth at hospitals, ASCs, ancillary services, and physician
owned practices
o Strengthen bundled payment capabilities through efforts at
Concertis, LLC
o Strategically adding new marketing brands to portfolio
o 360 Concierge
o The market is highly fragmented with many ideal acquisition
targets for Nobilis
o Strong focus on potential targets that allow Nobilis to cross-
sell service lines
o Focused on pursuing regional in-network targets with strong
clinical and management capabilities that are sensitive to
Nobilis’ marketing platform and allow the Company to
leverage existing facilities
o Continue optimizing case mix to maximize revenue potential
o Increase the volume of high acuity procedures that benefit
from higher levels of reimbursement
o Identify and develop additional service lines appropriate for
outpatient environment
o Focus on driving cost reductions throughout system and in
recently acquired facilities
o Identify and achieve greater economies of scale as Nobilis
continues acquiring new businesses and expanding its
platform
Acquisition Opportunities
Service Lines and Specialties Operational Leverage
Introduction	&	Transaction	OverviewHistorical Financial Overview
21
Financial Performance
*2017	Guidance	as	provided	on	March	13,	2017
Revenue:	$310M-$325M
Adj.	EBITDA:	$40M-$45M
Revenue and Adj. EBITDA (Less NCI)
(Millions)
Adj.EBITDA(LessNCI)
$31
$84
$233
$286
$317.5
$3
$11
$40
$34
$42.5
$-
$20
$40
$60
$80
$100
$120
$140
$-
$50
$100
$150
$200
$250
$300
$350
2013 2014 2015 2016 2017E
Total Revenue Adj. EBITDA
Revenue
22
2017 Operating Performance
Total Revenue Adj. EBITDA
*2017	Guidance	as	provided	on	March	13,	2017
Revenue:	$310M-$325M
Adj.	EBITDA:	$40M-$45M
$51
$68
$62
$80
$286
$318
$0
$50
$100
$150
$200
$250
$300
$350
Q1 16 Q1 17 Q2 16 Q2 17 2016 2017E
Revenue(Millions)
$0.4
$2
$9
$10
$34
$43
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
Q1 16 Q1 17 Q2 16 Q2 17 2016 2017E
Adj.EBITDA(Millions)
23
Driving Efficiencies
o Reduction in force (RIF)
• Completed April 2017
• System-wide
o Payroll system/productivity tools
• Redesign/restructure of payroll
system
• Enhanced reporting
‒ Implemented daily productivity
KPI’s at each facility
‒ Controls in place to manage
hiring process
Nobilis is focused on reducing operational expenses at its facilities to further drive profitability
= Estimated $10 to $13 million in annualized cost savings à $8 million expected in 2017
Salaries and Benefits Medical Supplies SG&A
o GPO and local agreements
executed
o Custom packs/reprocessing
o Utilization
o Inventory consignment
o Physician co-marketing and direct-
to-consumer marketing
o Purchased services
o Utility contracts
$6 to $7
million
$2 to $3
million
$2 to $3
million
24
Comparable Companies
Company Ticker Share	Price Market	Cap	(mm) Forward	P/E EV/EBITDA Total	Debt/	Equity
Nobilis	Health	Corp. HLTH $1.55	 $120.6	 8.9	 3.9	 0.6	
Tenet	Healthcare	Corp. THC $13.03	 $1,310.0	 13.4	 8.3	 40.6	
CRH	Medical	Corp. CRHM $2.45	 $185.0	 18.1	 8.4	 0.7	
Surgery	Partners	Inc. SGRY $10.60	 $522.4	 17.1	 12.8	 291.9	
Universal	Health	Services	Inc. UHS $107.69	 $1,056.0	 12.9	 9.1	 0.9	
Envision	Healthcare	Corp. EVHC $51.32	 $5,961.0	 15.2	 17.6	 1.0	
As	of	08/14/2017
27
Appendix
North	American	Spine
The	flagship	brand,	North	American	Spine	
offers	innovative,	minimally	invasive	back	and	
neck	surgeries	and	enjoys	a	solid	track	record	of	
superior	outcomes.	The	minimally	invasive,	
laser	spine	procedures	enjoy	high	recognition	in	
their	markets	and	the	aging	population	
encourages	strong	natural	growth.
Clarity	Vein	&	Vascular
Clarity	Vein	and	Vascular	provides	minimally	
invasive	surgical	treatment	of	painful	and/or	
unsightly	vascular	conditions	ranging	from	the	
relatively	benign,	like	varicose	or	spider	veins,	
to	the	dangerous,	like	deep	vein	thrombosis	or	
peripheral	artery	disease.
Hamilton	Vein	Center
Hamilton	Vein	and	Vascular	is	a	full-service	
clinical	practice	with	multiple	Texas	locations	
and	an	impressive	record	of	successful	
treatments.	Adept	at	cosmetic	procedures	for	
conditions	like	spider	and	varicose	veins,	the	
practice	also	excels	at	diagnosing	and	treating	
potentially	harmful	underlying	conditions.
Migraine	Treatment	Centers	of	America
Migraine	Treatment	Centers	of	America	is	the	
exclusive	provider	of	the	Omega™	Procedure,	a	
non-pharmaceutical	surgical	implant	for	the	
relief	of	chronic	migraine	pain.	Increasing	
awareness	of	neurostimulation techniques,	
vocal	support	from	past	patients,	and	favorable	
insurance	policies	position	the	brand	as	very	
high	growth.
Arizona	Vein	&	Vascular	Center
Arizona	Vein	and	Vascular	is	a	mature	practice	
in	the	Phoenix/Scottsdale	area	that,	like	Clarity	
Vein	and	Vascular,	provides	minimally	invasive	
treatment	of	venous	conditions	and	disorders	
from	the	unsightly	to	the	dangerous.
MIRI	Women’s	Health
MIRI	Women’s	Health	focuses	on	minimally	
invasive	surgeries	for	gynecological	conditions	
and	offers	second	opinions	for	those	seeking	an	
alternative	to	traditional	hysterectomies.
Evolve
Evolve,	a	bariatric	surgery	brand,	benefits	from	
increasing	medical	consensus	on	the	health	
benefits	of	bariatric	surgery	over	conventional	
diet	and	exercise	for	the	significantly	or	morbidly	
obese.	Nationally	rising	rates	of	obesity	and	more	
farsighted,	preventive	insurance	policies	poise	
the	brand	for	strong	growth.
Onward	Orthopedics
The	newest	Nobilis offering,	Onward	
Orthopedics	treats	non-spine	joint	issues	for	
patients	of	all	ages	and	types.	The	brand	
benefits	from	partner	physicians	with	solid	
histories	of	high-profile	sports	clients,	and	can	
provide	referrals	to	the	North	American	Spine	
and	NueStep brands.
NueStep
NueStep focuses	on	the	minimally	invasive	
relief	of	foot	and	ankle	pain	due	to	nerve	
entrapment	and	a	variety	of	other	podiatric	
issues.	The	brand’s	success	is	a	result	of	
educational	marketing	campaigns	designed	to	
correct	a	historical	under-appreciation	of	foot	
pain	and	therapeutic	modes	used	to	address	it.
Our Brands
26
Nobilis Facilities
27
Facility	 Market	 Equity
Hospitals
First	Nobilis	Hospital Houston,	TX 51%
Hermann	Drive	Surgical	Hospital Houston,	TX 54.75%
Plano	Surgical	Hospital Dallas, TX 100%
Scottsdale	Liberty	Hospital Scottsdale,	AZ 75%
ASCs
First	Nobilis	Surgical	Center	(HOPD) Houston,	TX 51%
Kirby	Surgical	Center Houston,	TX 25%
Medical	Park	Drive	Surgical	Center	(HOPD) Houston,	TX 100%
Dallas	Metro Dallas, TX 35%
Northstar	Healthcare	Surgery	Center	- Houston Houston,	TX 100%
Northstar Healthcare	Surgery	Center	- Scottsdale Scottsdale, AZ 100%
Chandler	Surgery Center Phoenix,	AZ 100%
Oracle	Surgery	Center Tucson, AZ 100%
Phoenix	Surgery	Center Phoenix, AZ 100%
Surprise	Surgery	Center Phoenix, AZ 100%
Clinics
Chandler	Clinic Phoenix,	AZ 100%
Oracle Clinic Tucson,	AZ 100%
Phoenix	Clinic Phoenix,	AZ 100%
Surprise	Clinic Phoenix,	AZ 100%
Sugar	Land	Clinic Houston,	TX 100%
Woodlands	Clinic Houston,	TX 100%
Clear	Lake	Clinic Houston,	TX 100%
Katy	Clinic Houston,	TX 100%
Stone	Oak Clinic San	Antonio,	TX 100%
Round Rock	Clinic Round Rock,	TX 100%
Facility Specialties Facility
Plano	Surgical Hospital • Bariatrics • 26	Inpatient beds
• Spine • 6 OR’s
• Plastics • 2	Procedure Rooms
• Orthopedics
• General Surgery
• Pain management
Kirby	Surgical Center • Orthopedics
• General surgery
• Pain
• ENT
• 4 OR’s
• 1	Procedure Room
Hermann	Drive Surgical • Bariatrics • 22 Beds
Hospital • Spine • 18	Private rooms
• Plastics • 6 OR’s
• Orthopedics • 2	Procedure Rooms
• General Surgery
First	Surgical Hospital • Bariatrics Hospital • 4OR’s
• 1 Procedure		
Room
First	Street	Surgery Center • Spine
(HOPD) • Plastics
• Orthopedics
• General Surgery
ASC • 4OR’s
• Painmanagement
Northstar	Healthcare Surgery • Spine • 3 ORs
Center	- Houston • Bariatrics • 2	Treatment rooms
• General Surgery
• Pain
• Podiatry
• Plastics
• GI
Nobilis Facilities
28
Facility Specialties Facility
Northstar	Healthcare Surgery • Plastics/Reconstructive • 4 OR’s
Center	- Scottsdale • Orthopedics • 1	Procedure Room
• General surgery
• Pain
• Bariatrics
• Podiatry
Scottsdale	Liberty Hospital • Spine • 2 OR’s
• Orthopedic surgery • 1	Procedure Room
• General surgery • 12	Inpatient beds
• Podiatry
• Bariatrics
• Migraine
• Vascular
Arizona	Vein	&	Vascular Center • Vein • 4 Clinics
• 4 ASCs
• 15 OR’s
Hamilton	Vein Center • Vein • 6 Clinics
• 20 RFAs
Nobilis Facilities
29
NYSE American: HLTH
August 2017

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Nobilis health corporate presentation august 2017 2

  • 2. Forward-Looking Information This presentation contains forward-looking information (within the meaning of applicable securities laws) relating to the business of Nobilis Health Corp. (the "Company") and the environment in which it operates. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results, economic or market conditions, industry specific information, and the outlook of or involving the Company and its business. Such forward looking information or statements are typically identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. Forward-looking information, including any financial outlooks, is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions and expectations that the Company believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct and the forward-looking information, including the financial outlooks included in this Presentation, should not be unduly relied upon. Those assumptions and expectations are based on information currently available to the Company, including the historic performance of the Company's business. Such assumptions include anticipated financial performance, current business, industry and economic trends, and business prospects and are subject to the risks and uncertainties which are discussed in the Company's regulatory filings available on the Company's web site at www.NobilisHealth.com, www.sec.gov, or at www.sedar.com. Any forward-looking statements that we make are based on assumptions as of today, and we undertake no obligation to update them. The Company’s management has approved the financial outlooks contained in this presentation. 2
  • 3. Nobilis at a Glance 3 o Based in Houston, TX, Nobilis is an owner, operator, and manager of Surgical Hospitals, ASCs and Clinics • Founded in 2007 and now operates in 10 markets across 5 states totaling 27 facilities o Facilities - 4 surgical hospitals, 10 ASCs, 13 multi-specialty clinics, and 35 partner facilities o Core strategy - optimized case mix across the portfolio • Higher acuity procedures, higher levels of reimbursement • Focus on minimally invasive procedures o Unique direct-to-patient marketing model • Brand procedures and drive additional surgical volume to portfolio of facilities • Consumerism - capitalizes on this growing trend in healthcare • Drives organic growth o Strong, scalable platform to expand to nationwide player o Compelling value proposition for physicians, patients, and payors Company Overview Geographic Locations Markets with Nobilis owned facilities Markets with Nobilis partner facilities Established reputation for high quality patient care, utilizing state-of- the-art technology Strong management team with proven track record of successfully integrating newly acquired businesses Unique direct-to-patient marketing model that drives additional surgical volume to Nobilis facilities $321 million in Revenue and $37 million in Adjusted EBITDA for LTM June 2017 with low capex requirements Key Company Highlights
  • 4. Nobilis Business Overview 4 Case Mix Case Volume Payor Mix Note: Unless otherwise dated, figures are based on the LTM period ended 6/30/2017, pro forma for the full year impact of the AZ Vein acquisition. Note 2: Case mix based on number of cases; payor mix based on revenue. ENT 4% General Surgery 4% Ortho 7% Pain 27% Spine 18% Bariatrics 21% Plastic Surgery 10% GYN 3% Other 7% AETNA 20% BCBS 17% CIGNA 9% UHC 34% Other Commercial 12% Self Pay 5% WC 3% Medicare 1% 8,740 17,814 20,459 25,190 - 5,000 10,000 15,000 20,000 25,000 30,000 2014 2015 2016 2017 E
  • 5. 5 Historical Performance Total Revenue Adj. EBITDA Strong Track Record of Revenue and Adj. EBITDA Growth 2016 - Year of Investment $31 $84 $229 $286 $317.5 $0 $50 $100 $150 $200 $250 $300 $350 2013 2014 2015 2016 2017E Revenue(Millions) $3 $10 $40 $34 $42.5 $0 $10 $20 $30 $40 $50 2013 2014 2015 2016 2017E Adj.EBITDA(Millions) *2017 Guidance as provided on March 13, 2017 Revenue: $310M-$325M Adj. EBITDA: $40M-$45M
  • 6. Management Team o Joined Nobilis in 2010 o Previously served as CFO, President and Executive Chairman of Nobilis o Earned an MBA from Boston College, a J.D. from the University of Houston, and a B.A. from the University of St. Thomas 6 Harry Fleming Chief Executive Officer Kenneth Efird President David Young Chief Financial Officer Patrick Yoder Chief Revenue Officer Marissa Arreola Chief Strategy Officer & President of Concertis o Joined Nobilis in 2010 o Previously served as Chief Operating Officer & Chief Business Development Officer at Nobilis o Founder & CEO of Diagnostic and Interventional Spine Centers o Doctorate from Texas Chiropractic College o Joined Nobilis in 2017 o Previously served as Divisional CFO for St. Jude Medical’s America division o Licensed CPA o Earned an MBA from the University of Texas at Austin o Joined Nobilis in 2014 o 15 years of healthcare sales and business development o Previously held successful sales leadership positions at Intuitive Surgical, Medtronic, and Pfizer o Earned a B.A. from Rhodes College o Joined Nobilis in 2016 o Partner at Baker Donelson, specializing in health law and served as a Director at Houston Methodist Hospital System o Earned a J.D. from the University of Houston and B.A. from Rice University
  • 7. Management Team (Cont’d) o Joined Nobilis in 2015 o Previously served as CFO at Northstar Healthcare LLC and Nobilis o 20 years of financial and accounting reporting in the healthcare industry o Earned an M.B.A. from Texas Woman’s University and a B.S. from Sacred Heart University 7 Kenneth Klein CFO of Operations Phil Ayres VP of Marketing o Joined Nobilis in 2017 o Previously served as Director of Marketing for Travelocity and Director of Online Marketing at Hotels.com o Earned a J.D. from University of Tennessee College of Law and a B.S. from Vanderbilt University Marc Celia EVP of Operations o Joined Nobilis in 2017 o 20 years of operational and managerial experience in the healthcare industry o VP of Continuous Improvement for United Surgical Partners International/ Tenet Healthcare (“USPI”) and CEO of Memorial Hermann Surgical Hospital Kingwood, in Houston, Texas o Earned a B.S. from Boston University and a M.S. from University of Maryland Marcos Rodriguez Chief Accounting Officer o Joined Nobilis in 2016 o Began his career at Deloitte & Touche LLP and served five years as Director at Opportune LLP o 19 years of financial and accounting reporting, external and internal audits, and SEC regulations o Earned a B.S. from Louisiana State University and is a licensed CPA Brandon Moreno VP of Finance o Joined Nobilis in 2014 o 10 years of finance and accounting experience in the healthcare industry, including HCA and Tenet o Earned an M.B.A. from University of Texas – San Antonio and a B.S. from New York University
  • 8. Key Investment Considerations o 66% of all surgeries are outpatient with >50% performed in ASCs vs. 32% in 2005 o Lower cost, high quality outpatient setting; trend toward increased consumerism in healthcare o Abundance of desirable acquisition opportunities due to fragmented market 8 Attractive Industry Fundamentals Unique Marketing Model Favorable Payor and Procedure Mix Patient-Centric Value Proposition Attractive Financial Profile Experienced Management Team o Multiple marketing channels drive volume growth o Proprietary technology platform targets prospective patients o Strong value proposition: Superior patient experience that expands physicians’ practices o Marketing segment targets higher acuity cases resulting in a highly attractive case mix o Procedure diversification increases the stability of the revenue base o Unique marketing model increases case volumes and provides superior patient experience o Offer optimal surgical environments that result in better overall quality of care o Offer ancillary and complementary services that lead to better efficiency and better outcomes o Low leverage o Low capital expenditure requirements o Strong management team with M&A and healthcare experience o Seasoned Ops team leads to financial and operation efficiencies o Strong in-house and outside legal team to safely navigate complex healthcare space
  • 10. Surgical Setting Background Traditional Hospitals o Full-service hospital o Inpatient and outpatient o > 5,700 hospitals o 60%+ not-for-profit Specialty Surgical Hospitals (SSHs) o Typically specialize in orthopedics, spine, ENT o Inpatient and outpatient o ~ 300 SSHs Ambulatory Surgical Centers (ASCs) o Outpatient only o > 5,500 ASCs o 70%+ owned by independents 10 Source: Becker’s.
  • 11. Growth of the ASC Industry o Estimated at $32 billion, the ASC industry is expected to continue robust growth due to efficient cost structures and increased government focus on healthcare • Industry revenues to expected grow 7.5% as the population ages and the newly insured access care, reaching $40 billion annually o Despite recent consolidation activity, the ASC industry remains highly fragmented • Independent operators, hospitals and small chains comprise 78% of the 5,500 ASCs in the U.S., while the eight largest ASC owner/operators comprise ~22% of the overall market o Economies of scale drive partnership decision for physician-owned practices • Major operators can provide ancillary and complementary services, normally outsourced to third-party providers, leading to greater efficiency and better outcomes, while controlling costs and diversifying service offerings Source: CSM, Equity Research, IBIS healthcare expenditures estimates, Becker’s. Projected ASC Industry Revenue Outpatient Surgeries Moving to ASCs: 1981 to 2016 ($ in billions) 11 Factors Influencing ASC/SSH Demand Steady reimbursement rates from government payors support a stable operating environment at ASCs & SSHs Increased ASC/SSH Abilities Government Funding Advances in surgical techniques & technology have increased the number & types of outpatient procedures driving higher patient volumes As the economy improves, greater disposable income will enable patients to better afford out-of-pocket expenses at ASCs & SSHs Disposable Income Growing Insured Population The insured population is expected to grow 2% annually through 2017 $16 $17 $19 $20 $21 $22 $23 $25 $27 $30 $32 $34 $36 $38 $40 $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E 2016E 2017E 2018E 2019E 2020E ASCs, 6% Hospital Outpatient, 84% ASCs, 50% Hospital Outpatient, 50%
  • 12. 27% 17% 17% 13% 10% 9% 4% 3% 2% 1% 0% 5% 10% 15% 20% 25% 30% GI Ortho. Optha. Pain Other ENT Plastic Podi. Urol. Neuro. Dynamics Driving Industry Growth o Case volume at ASCs is projected to increase by 9 - 12% through 2025 o There are 5,500 ASCs across the U.S., and 90% have some degree of physician ownership o Many ASCs focus on elective procedures which are common in affluent urban and suburban areas with large proportions of commercially insured patients o Nobilis’ focus is on the 40% of the market with higher reimbursement Specialty Procedures Orthopedics Knee arthroscopy, carpal tunnel, rotator cuff repair, incise finger tendon sheath and wrist endoscopy Pain Management Injection lumbar / sacral, injection cervical, thoracic and destruction neurolytic agent Bariatrics Gastric bypass, sleeve gastrectomy, adjustable gastric band, biliopancreatic diversion with duodenal switch Source: Wall Street Research, Becker’s. 12 Average ASC Industry Payor Mix Industry Dynamics ASC Industry Specialty Mix Top Procedures Nobilis Key Procedures 67% 18% 11% 4% 0% 10% 20% 30% 40% 50% 60% 70% 80% Commercial Medicare FFS Worker's Comp / Other Medicaid
  • 13. Advanced Imaging 13% Arthrocentesis / Injections 5% Rehab & Chiropractic 14% Standard Imaging 13% E&MVisits 17% Fusion Surgery Spinal Decom. / Laminec. Vertebral Augmentation 23% 27% 25%17% -9% -5% -2% 2% Less Complex Procedures Shift to Outpatient o Less complex spine procedures shifting from inpatient to outpatient with significant estimated growth potential o Key spine procedures have stronger tailwinds due to demographics and improvements in technology o ~31 million Americans experience back pain at any given time o ~600,000 Americans undergo spine surgery every year Lumbar / Thoracic Fusion Cervical Fusion No Procedure and Diagnostics Spinal Decompression/ Laminectomy Vertebral Augmentation Procedures Revision Spinal Procedure Note: Growth rate data reflects U.S. market. 13 Source: Wall Street Research. -11% Inpatient Spine Discharges 2014 – 2019 Outpatient Spine Volumes 2014 – 2019 Nobilis Key Procedures
  • 16. Goal: Self-source business and maximizeROI. OurUnique Approach We provide patients personalized treatment plans and access to multi-disciplinary medical staff and physicians. Sales & Marketing 1 Direct toConsumer (DTC) LeadGeneration ConciergeService Conversion to Surgical Patient Patient Experience FollowUp Successful Patient Outcomes Sales Outreach to Referral Community Physician Referral to NobilisBrand Leverage concierge service for enhanced patient experience 3 360 Concierge Sales Outreachto Physicians Physician & Patient Conversion Nobilis Facility CaseAcquisition 2 PhysicianRecruitment Patient and PhysicianSatisfaction Sales and Marketing Strategy 16
  • 17. Unique Patient Acquisition Strategy 17 Nobilis Brands Lead Generation Concierge Service § Inside sales team and IT platform to maximize patient experience § 9 brands marketed directly to patients via omni-channel marketing strategy Patient Tracking Conversion to Surgical Patient § Patient education, medical review, insurance verification, and surgical scheduling § Patient follow-up, experience surveys, and referrals o Marketing and technology platform that targets prospective patients o Unique value proposition to physicians; superior patient experience o Generates higher acuity cases vs. traditional referral model o Scalable revenue driver o Portfolio effect: direct cases to specific facilities on a procedure-by- procedure basis for best return o In-house marketing team works one-on-one with physicians to develop and distribute customized marketing plans o Build and execute marketing plans on behalf of physicians o Helps to expand physicians’ practices, while also driving additional volume to facilities o High average ROI Direct-to-Consumer Marketing Physician Sales High-Touch Marketing Model
  • 18. Ancillary Services Nobilis began providing ancillary services in 2015 and has continued expanding its ancillary service offerings with the addition of clinical lab testing services in 2016 and physical therapy in 2017 o Nobilis began offering lab services for patients through Hermann Drive Surgical Hospital (HDSH) in September 2016 o Set up to process ~4,000 tests on a monthly basis First Assist (Staffing) o Cover 100% of outpatient spine cases through qualifying DTC o Specialties: Spine, Bariatrics, ENT, Orthopedic, Plastic, General o Focused on spine procedures o 100% of DTC cases o 7 States o 44 Different Facilities (Both Nobilis and non-Nobilis Facilities) o Specialties: Spine, Neuro, Ortho, CV, ENT o Covers most NHC facilities o Helps recruit partner physicians o Specialties: Spine, Bariatrics, ENT, Orthopedic, Plastic, General o Nobilis launched Physical Therapy Services in April 2017 as a Hospital Outpatient Department of Plano Surgical Hospital o Provides patients and physicians with a partner in the continuum of care 18 Laboratory Neuromonitoring Anesthesia Physical Therapy o Nobilis is actively seeking potential M&A targets in the ancillary services space o Typically focus on acquisitions with revenue potential system wide o Increased capabilities position Nobilis to execute alternative payment methodologies for payors o 2016 revenue of $20.4 million o 2015 revenue of $2.3 million o Maximizes revenue by capturing additional revenue streams per patient o Continuity of care for patients o Helps recruit top physicians o Increased patient & physician satisfaction o Improve patient outcomes o Accretive earnings Benefits Financial Contribution Development
  • 19. Growth Strategy 19 1 Marketing Expertise Drives Organic Growth 2 3 4 o Continue utilizing multiple marketing channels to drive volume growth at hospitals, ASCs, ancillary services, and physician owned practices o Strengthen bundled payment capabilities through efforts at Concertis, LLC o Strategically adding new marketing brands to portfolio o 360 Concierge o The market is highly fragmented with many ideal acquisition targets for Nobilis o Strong focus on potential targets that allow Nobilis to cross- sell service lines o Focused on pursuing regional in-network targets with strong clinical and management capabilities that are sensitive to Nobilis’ marketing platform and allow the Company to leverage existing facilities o Continue optimizing case mix to maximize revenue potential o Increase the volume of high acuity procedures that benefit from higher levels of reimbursement o Identify and develop additional service lines appropriate for outpatient environment o Focus on driving cost reductions throughout system and in recently acquired facilities o Identify and achieve greater economies of scale as Nobilis continues acquiring new businesses and expanding its platform Acquisition Opportunities Service Lines and Specialties Operational Leverage
  • 21. 21 Financial Performance *2017 Guidance as provided on March 13, 2017 Revenue: $310M-$325M Adj. EBITDA: $40M-$45M Revenue and Adj. EBITDA (Less NCI) (Millions) Adj.EBITDA(LessNCI) $31 $84 $233 $286 $317.5 $3 $11 $40 $34 $42.5 $- $20 $40 $60 $80 $100 $120 $140 $- $50 $100 $150 $200 $250 $300 $350 2013 2014 2015 2016 2017E Total Revenue Adj. EBITDA Revenue
  • 22. 22 2017 Operating Performance Total Revenue Adj. EBITDA *2017 Guidance as provided on March 13, 2017 Revenue: $310M-$325M Adj. EBITDA: $40M-$45M $51 $68 $62 $80 $286 $318 $0 $50 $100 $150 $200 $250 $300 $350 Q1 16 Q1 17 Q2 16 Q2 17 2016 2017E Revenue(Millions) $0.4 $2 $9 $10 $34 $43 $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 Q1 16 Q1 17 Q2 16 Q2 17 2016 2017E Adj.EBITDA(Millions)
  • 23. 23 Driving Efficiencies o Reduction in force (RIF) • Completed April 2017 • System-wide o Payroll system/productivity tools • Redesign/restructure of payroll system • Enhanced reporting ‒ Implemented daily productivity KPI’s at each facility ‒ Controls in place to manage hiring process Nobilis is focused on reducing operational expenses at its facilities to further drive profitability = Estimated $10 to $13 million in annualized cost savings à $8 million expected in 2017 Salaries and Benefits Medical Supplies SG&A o GPO and local agreements executed o Custom packs/reprocessing o Utilization o Inventory consignment o Physician co-marketing and direct- to-consumer marketing o Purchased services o Utility contracts $6 to $7 million $2 to $3 million $2 to $3 million
  • 24. 24 Comparable Companies Company Ticker Share Price Market Cap (mm) Forward P/E EV/EBITDA Total Debt/ Equity Nobilis Health Corp. HLTH $1.55 $120.6 8.9 3.9 0.6 Tenet Healthcare Corp. THC $13.03 $1,310.0 13.4 8.3 40.6 CRH Medical Corp. CRHM $2.45 $185.0 18.1 8.4 0.7 Surgery Partners Inc. SGRY $10.60 $522.4 17.1 12.8 291.9 Universal Health Services Inc. UHS $107.69 $1,056.0 12.9 9.1 0.9 Envision Healthcare Corp. EVHC $51.32 $5,961.0 15.2 17.6 1.0 As of 08/14/2017
  • 26. North American Spine The flagship brand, North American Spine offers innovative, minimally invasive back and neck surgeries and enjoys a solid track record of superior outcomes. The minimally invasive, laser spine procedures enjoy high recognition in their markets and the aging population encourages strong natural growth. Clarity Vein & Vascular Clarity Vein and Vascular provides minimally invasive surgical treatment of painful and/or unsightly vascular conditions ranging from the relatively benign, like varicose or spider veins, to the dangerous, like deep vein thrombosis or peripheral artery disease. Hamilton Vein Center Hamilton Vein and Vascular is a full-service clinical practice with multiple Texas locations and an impressive record of successful treatments. Adept at cosmetic procedures for conditions like spider and varicose veins, the practice also excels at diagnosing and treating potentially harmful underlying conditions. Migraine Treatment Centers of America Migraine Treatment Centers of America is the exclusive provider of the Omega™ Procedure, a non-pharmaceutical surgical implant for the relief of chronic migraine pain. Increasing awareness of neurostimulation techniques, vocal support from past patients, and favorable insurance policies position the brand as very high growth. Arizona Vein & Vascular Center Arizona Vein and Vascular is a mature practice in the Phoenix/Scottsdale area that, like Clarity Vein and Vascular, provides minimally invasive treatment of venous conditions and disorders from the unsightly to the dangerous. MIRI Women’s Health MIRI Women’s Health focuses on minimally invasive surgeries for gynecological conditions and offers second opinions for those seeking an alternative to traditional hysterectomies. Evolve Evolve, a bariatric surgery brand, benefits from increasing medical consensus on the health benefits of bariatric surgery over conventional diet and exercise for the significantly or morbidly obese. Nationally rising rates of obesity and more farsighted, preventive insurance policies poise the brand for strong growth. Onward Orthopedics The newest Nobilis offering, Onward Orthopedics treats non-spine joint issues for patients of all ages and types. The brand benefits from partner physicians with solid histories of high-profile sports clients, and can provide referrals to the North American Spine and NueStep brands. NueStep NueStep focuses on the minimally invasive relief of foot and ankle pain due to nerve entrapment and a variety of other podiatric issues. The brand’s success is a result of educational marketing campaigns designed to correct a historical under-appreciation of foot pain and therapeutic modes used to address it. Our Brands 26
  • 27. Nobilis Facilities 27 Facility Market Equity Hospitals First Nobilis Hospital Houston, TX 51% Hermann Drive Surgical Hospital Houston, TX 54.75% Plano Surgical Hospital Dallas, TX 100% Scottsdale Liberty Hospital Scottsdale, AZ 75% ASCs First Nobilis Surgical Center (HOPD) Houston, TX 51% Kirby Surgical Center Houston, TX 25% Medical Park Drive Surgical Center (HOPD) Houston, TX 100% Dallas Metro Dallas, TX 35% Northstar Healthcare Surgery Center - Houston Houston, TX 100% Northstar Healthcare Surgery Center - Scottsdale Scottsdale, AZ 100% Chandler Surgery Center Phoenix, AZ 100% Oracle Surgery Center Tucson, AZ 100% Phoenix Surgery Center Phoenix, AZ 100% Surprise Surgery Center Phoenix, AZ 100% Clinics Chandler Clinic Phoenix, AZ 100% Oracle Clinic Tucson, AZ 100% Phoenix Clinic Phoenix, AZ 100% Surprise Clinic Phoenix, AZ 100% Sugar Land Clinic Houston, TX 100% Woodlands Clinic Houston, TX 100% Clear Lake Clinic Houston, TX 100% Katy Clinic Houston, TX 100% Stone Oak Clinic San Antonio, TX 100% Round Rock Clinic Round Rock, TX 100%
  • 28. Facility Specialties Facility Plano Surgical Hospital • Bariatrics • 26 Inpatient beds • Spine • 6 OR’s • Plastics • 2 Procedure Rooms • Orthopedics • General Surgery • Pain management Kirby Surgical Center • Orthopedics • General surgery • Pain • ENT • 4 OR’s • 1 Procedure Room Hermann Drive Surgical • Bariatrics • 22 Beds Hospital • Spine • 18 Private rooms • Plastics • 6 OR’s • Orthopedics • 2 Procedure Rooms • General Surgery First Surgical Hospital • Bariatrics Hospital • 4OR’s • 1 Procedure Room First Street Surgery Center • Spine (HOPD) • Plastics • Orthopedics • General Surgery ASC • 4OR’s • Painmanagement Northstar Healthcare Surgery • Spine • 3 ORs Center - Houston • Bariatrics • 2 Treatment rooms • General Surgery • Pain • Podiatry • Plastics • GI Nobilis Facilities 28
  • 29. Facility Specialties Facility Northstar Healthcare Surgery • Plastics/Reconstructive • 4 OR’s Center - Scottsdale • Orthopedics • 1 Procedure Room • General surgery • Pain • Bariatrics • Podiatry Scottsdale Liberty Hospital • Spine • 2 OR’s • Orthopedic surgery • 1 Procedure Room • General surgery • 12 Inpatient beds • Podiatry • Bariatrics • Migraine • Vascular Arizona Vein & Vascular Center • Vein • 4 Clinics • 4 ASCs • 15 OR’s Hamilton Vein Center • Vein • 6 Clinics • 20 RFAs Nobilis Facilities 29