Apollo Global Management LLC will buy hospital chain LifePoint Health Inc. for $65 a share, expanding the private equity firm’s ambitions in rural health care.
The deal values LifePoint at $2.52 billion, or $5.6 billion including debt and a minority interest, the firms said in a statement July 23. The price is a 36 percent premium to where LifePoint shares closed July 20, before news of a potential takeover was reported.
LifePoint will be merged with RCCH HealthCare Partners, an Apollo-owned hospital company that runs 16 regional health-care systems in 12 states, according to its website. The combined company will ...
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