NOTICE relating to: THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE REVENUE BONDS (VANDERBILT UNIVERSITY MEDICAL CENTER) SERIES 2016A THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE TAXABLE REVENUE BONDS (VANDERBILT UNIVERSITY MEDICAL CENTER) SERIES 2016B THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE TAXABLE REVENUE NOTES (VANDERBILT UNIVERSITY MEDICAL CENTER) SERIES 2016D THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE REVENUE BONDS (VANDERBILT UNIVERSITY MEDICAL CENTER) SERIES 2017A VANDERBILT UNIVERSITY MEDICAL CENTER TAXABLE BONDS SERIES 2017 CUSIP Nos.: 592041WC7, 592041WD5, 592041WE3, 592041WF0, 592041WG8, 592041WH6, 592041WJ2, 592041XC6, 592041YB7, 592041YC5 AND 921814AA7 On November 16, 2018, Vanderbilt University Medical Center (“VUMC”) received a finding of immediate jeopardy from the Centers for Medicare and Medicaid Services (“CMS”). The CMS finding is based on a survey by the Tennessee Department of Health (“TDH”) of an unanticipated death of a patient due to an inpatient medication administration error. VUMC thoroughly responded to the CMS statement of deficiencies and submitted a robust plan of correction, which has been accepted by CMS and TDH. A follow-up survey will take place before December 9, 2018 to validate that the deficiencies constituting immediate jeopardy have been corrected. Failure to resolve the deficiencies would result in involuntary termination of VUMC’s Medicare provider agreement. VUMC will continue to work closely with representatives of CMS and TDH to assure that any remaining concerns are fully resolved. VUMC is confident that this matter will be successfully resolved. This notice is provided by VUMC voluntarily, and no inference should be drawn that VUMC will provide notice of similar or other events in the future. This notice is not made in connection with a purchase or sale of VUMC bonds and accordingly is not intended to contain all information material to a decision to purchase or sell such bonds. VANDERBILT UNIVERSITY MEDICAL CENTER November 30, 2018 73748502.2