Overview Key strengths Key risks Relatively diverse hospital portfolio. Reimbursement. Good market position in nonurban and selected urban markets. Highly leveraged. Investments in existing markets aid its ability to meet changing marketplace. Elevated labor costs, particularly for nursing. With the 2021 completion of Community's multiyear portfolio rationalization program, its hospital portfolio and debt profile have improved. To improve patient volume and better manage costs, it is allocating capital toward adding sites of care to expand services and retain patients. We believe these efforts will help position the company well as value-based care expands. We believe headwinds over the next year will lower margins in 2022 including labor challenges particularly in nursing, inflation exceeding reimbursement rate increases, and adverse impact on
