Market Overview

Portage Health, LifePoint Hospitals Announce JV

The Portage Health Board of Directors and LifePoint Hospitals®
(NASDAQ: LPNT) have finalized their joint venture agreement to share
ownership and operation of Portage Health. The joint venture will bring
$60 million in capital improvements to Portage Health and approximately
$40 million to fund a charitable foundation to support critical needs in
the community.

“We are pleased to finalize this joint venture and become part of
LifePoint,” said Steve Zutter, chairman of the Portage Health board. “As
we considered Portage Health's future, our board vetted a number of
strategic partner options. This joint venture with LifePoint offered us
a unique opportunity to share ownership of Portage Health and gain
access to significant resources to grow

See full press release

Posted-In: News Guidance Contracts Management

 

Most Popular

Related Articles (LPNT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free