Member Firm FIRST RIVER ADVISORY L.L.C. 241 SOUTH 6 TH STREET, SUITE 1705 PHILADELPHIA, PENNSYLVANIA 19106-3733 OFFICE TELEPHONE – (215) 568-9303 SHELLEY J. ARONSON ' aronson@firstriver.com ANNE S. MORSE ' morse@firstriver.com CLIENT SPOTLIGHT First River Advisory’s relationship with Oaklawn Hospital, which commenced in 2004, has encompassed both the issuance of new debt and the management of outstanding debt. Several situations which Oaklawn has encountered were unprecedented. First River Advisory consistently met these challenges by fashioning cost-effective solutions that addressed a myriad of circumstances. In many respects, Oaklawn is the epitome of what a community hospital should be in these changing times. Since being threatened with closure by state authorities in the 1970s, Oa

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