Analyst Coverage

HealthGrades is followed by the analysts listed below. Please note that any opinions, estimates or forecasts regarding HealthGrades' performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of HealthGrades or its management. HealthGrades does not by its reference below imply its endorsement of or concurrence with such information, conclusions or recommendations.

CapStone Investments Ryan McGaver, Director of Research 789 N. Water St., Suite 470 Milwaukee, WI 53202 www.capstoneinvestments.com Crystal Equity Research Debra Fiakas, CFA 75 Maiden Lane, Third Floor New York, NY 10038 www.crystalequityresearch.com The Robins Group Jackson E Spears, Director of Research 3220 SW 1st Avenue, Suite 200 Portland, OR 97239 www.therobinsgroup.com

Roth Capital Partners LLC Tim Brown, Research Analyst 24 Corporate Plaza Drive Newport Beach, CA 92660 www.rothcp.com Sidoti & Company Mitra Ramgopal, Senior Equity Analyst 317 Madison Avenue New York, NY 10017 www.sidoti.com