• Apollo to spend $5.6B on rural hospital chain LifePoint

    4 monthes ago - By Chron

    Private equity firm Apollo Global Management will spend about $5.6 billion to buy the rural hospital chain LifePoint and combine it with the health system operator RCCH HealthCare Partners.
    Under the agreement announced Monday, LifePoint shareholders will receive $65 in cash for each share in a deal that's worth about $2.7 billion not counting net debt and minority interest. That's a premium of nearly 36 percent to Brentwood, Tennessee-based LifePoint Health Inc.'s closing price July 20. That was the last trading day before the deal announcement.
    The combined, privately held company will...
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