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Molina, Wu, Network LLC and

City of Long Beach Announce

Community Hospital Lease Agreement

LONG BEACH, October 15, 2019 - The Long Beach City Council today approved a permanent lease and operating agreement between the City of Long Beach and the Molina, Wu, Network, LLC (MWN) healthcare group that paves the way for the reopening of Community Hospital Long Beach (Community Hospital).

MWN, a partnership between Pacific6 Enterprises, AHMC Healthcare, Inc and Network Medical Management, has operated the property under a tentative lease agreement since March 2019 as the organization worked with the City of Long Beach to submit seismic compliance plans and an application for hospital licensing to state regulators.

The approval of this permanent lease agreement now allows MWN to move expeditiously to hire and onboard staff and to purchase the necessary equipment required by the State inspection, currently scheduled to be completed by the end of October 2019.

“We’re proud of our work with the City of Long Beach to make the reopening of Community Hospital a reality,” said John Molina, Founding Partner at Pacific6. “This is but another step in the unprecedented process of reopening this facility and we’re optimistic for the work ahead of us.”

“Community Hospital is a critical piece of the public safety infrastructure here in Long Beach,” said Mayor Robert Garcia. “The agreement approved tonight gets us one step closer to re-opening the hospital, and I want thank MWN and the nurses for their partnership.”

Under the terms of the agreement, the City of Long Beach will lease the property to MWN for 45 years with the option of two 10-year extensions. MWN will assume the costs needed to seismically retrofit, reopen, and operate the acute care hospital and the City will reimburse up to 50% of the seismic work costs in annual payments over a 15-year period, committing up to a total of $25 million.

About Pacific6 Enterprises

Pacific6 is a Long Beach-based partnership committed to identifying and investing in inspiring and important ventures, both for-profit and non-profit, that offer unique potential to positively impact the people and communities in which they are located – either economically, socially, or both. Pacific6 looks across a broad spectrum of business opportunities to determine the best fit for our mission and motivation – utilizing the best ideas, resources, people, and practices to create the right environment for sustained success in our community.

Current local projects include the complete renovation of two historic landmarks in Long Beach – the Breakers Hotel, and Ocean Center Building – as well as the acquisition and expansion of the Long Beach Post media company.

For more information about Pacific6 Enterprises visit: www.pacificsix.com.

About AHMC Healthcare, Inc.

Serving the Greater Los Angeles Metro Area, the AHMC Healthcare Inc. (AHMC) affiliated hospitals provide comprehensive health services rooted in a commitment to care, clinical excellence, quality and to community. AHMC currently operates the following facilities: Anaheim Regional Medical Center, Garfield Medical Center, Greater El Monte Community Hospital, Monterey Park Hospital, San Gabriel Valley Medical Center, and Whittier Hospital Medical Center.

For more information about AHMC Healthcare, Inc. visit: www.ahmchealth.com.

About Network Medical Management

Network Medical Management (NMM) is a Management Services Organization (MSO) comprised of healthcare professionals and more than 300 employee associates serving the rapid growth of its IPAs and Medical Groups. NMM provides comprehensive administrative support to Independent Physicians Associations (IPAs) and medical groups, pursuing both quality patient-care and profitability.

In 1994, a team of physicians formally established Network Medical Management (NMM). Since then, NMM has helped numerous IPAs and medical groups achieve their financial goals and organizational success. Network Medical Management has now expanded its services to 10 counties in California providing management to over 650,000 members.

As health care industry continues to evolve, NMM remains at the forefront, anticipating changes and their impacts to the clients. NMM believes in a solid infrastructure and technology, which ensure the delivery of an integrated health care system with the highest efficiency and accuracy.

For more information about NMM visit: http://www.nmm.cc.

Contact: Brandon Dowling

Communications Director, Pacific6 Enterprises

M: 661.435.9062

brandon.dowling@pacificsix.com