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health care system in the state of California, with over 8,000 employees and <br />approximately 1,680 licensed acute care and skilled nursing beds. <br />Verity consists of Verity Health* and the following: <br />• O’Connor Hospital* <br />• Saint Louise Regional Hospital* <br />• St. Francis Medical Center* <br />• St. Vincent Medical Center* <br />• Seton Medical Center (including its unincorporated division Seton Medical <br />Center <br /> Coastside)* (both located in San Mateo County) <br />• Verity Business Services <br />• Marillac Insurance Company, Ltd. <br />• O’Connor Hospital Foundation <br />• Saint Louise Regional Hospital Foundation <br />• St. Francis Medical Center Foundation <br />• St. Vincent Medical Center Foundation <br />• Seton Medical Center Foundation <br />• St. Vincent de Paul Ethics Corporation <br />• St. Vincent Dialysis Center <br />• De Paul Ventures, LLC <br />• Verity Medical Foundation <br />• Verity Holdings, LLC <br />• Verity BASM Holdco, LLC <br />* Member of the Obligated Group, as defined in the Master Indenture of Trust, dated as <br />of December 1, 2001 (as previously amended and supplemented, the “Master <br />Indenture”), between Verity Health, the other Members (as defined therein) identified in <br />the Master Indenture and U.S. Bank National Association. <br /> <br />Verity Health is governed by an independent board of directors and is committed to <br />providing community benefit through a variety of community-based outreach programs <br />and wellness activities. In addition, Verity benefits from a range of philanthropic gifts <br />generously given in support of its caring mission. <br />In September 2017, CalPFA issued of $21,000,000 of its Revenue Notes (Verity Health <br />System), Series 2017, the proceeds of which were loaned to Verity Health to support <br />the operations of Verity Health. Verity Health is requesting the assistance of CalPFA for <br />the issuance of Series 2017B, consisting of up to $25,000,000 in additional tax-exempt <br />working capital to support the operations of Verity. <br />7.A. - Page 2