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A LifePoint holding. Photo by Google Street View.

BRENTWOOD, TN–An affiliate company of Apollo Global Management has agreed to buy out LifePoint Health, a locally-based hospital chain, for $5.6 billion. Structured as a merger with RCCH HealthCare Partners, which is owned by Apollo, the purchase price also includes $2.9 billion of net debt and minority interest and represents a premium of approximately 36% to LifePoint’s closing share price on July 20, 2018. Under the deal, LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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