Market Overview

LifePoint Health Stockholders Approve Merger with RCCH HealthCare Partners

Share:

LifePoint Health (NASDAQ:LPNT) today announced that its stockholders
approved the proposed agreement to merge LifePoint and RCCH HealthCare
Partners, which is owned by certain funds managed by affiliates of
Apollo Global Management, LLC (NYSE:APO) (together with its
consolidated subsidiaries, "Apollo"). Upon closing of the transaction,
LifePoint shareholders will receive $65.00 per share in cash for each
share of LifePoint common stock they own.

Holders of a majority of the outstanding shares of LifePoint's common
stock voted in favor of adopting the merger agreement. The final voting
results for all proposals will be filed with the Securities and Exchange
Commission in a Current Report on Form 8-K.

The acquisition is expected to be completed during the fourth quarter of
calendar year 2018, subject to satisfaction of the remaining closing
conditions.

About LifePoint Health

LifePoint Health® is a leading healthcare company dedicated to Making
Communities Healthier®. Through its subsidiaries, it provides quality
inpatient, outpatient and post-acute services close to home. LifePoint
owns and operates community hospitals, regional health systems,
physician practices, outpatient centers, and post-acute facilities
across the country. It is the sole community healthcare provider in the
majority of the non-urban communities it serves. More information about
the Company can be found at www.LifePointHealth.net.
All references to "LifePoint," "LifePoint Health" or the "Company" used
in this release refer to affiliates or subsidiaries of LifePoint Health,
Inc.

Forward-Looking Statements

This communication contains certain information, including statements as
to the expected timing, completion and effects of the proposed merger
involving LifePoint, which may constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, and actual results
may differ materially. Such forward looking statements include, among
others, statements about the benefits of the proposed transaction,
including future financial and operating results, plans, objectives,
expectations for LifePoint and other statements that are not historical
facts. Such statements are based on the current beliefs and expectations
of the management of LifePoint and are subject to significant risks and
uncertainties outside of LifePoint's control. These risks and
uncertainties include the possibility that the anticipated benefits from
the proposed transaction will not be realized, or will not be realized
within the expected time periods; the occurrence of any event, change or
other circumstances that could give rise to termination of the proposed
transaction agreement; operating costs, loss and business disruption
(including, without limitation, difficulties in maintaining
relationships with employees, customers or suppliers) may be greater
than expected following the announcement of the proposed transaction;
the retention of certain key employees at LifePoint; risks associated
with the disruption of management's attention from ongoing business
operations due to the proposed transaction; the inability to obtain
necessary regulatory approvals of the proposed transaction or the
receipt of such approvals subject to conditions that are not
anticipated; the risk that a condition to closing the transaction may
not be satisfied on a timely basis or at all; the risk that the proposed
transaction fails to close for any other reason; the outcome of any
legal proceedings related to the proposed transaction; the parties'
ability to meet expectations regarding the timing and completion of the
proposed transaction; the impact of the proposed transaction on
LifePoint's credit rating; and other risks described in LifePoint's
Form 10-K, Form 10-Q and Form 8-K reports filed with the SEC. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Except as otherwise
required by law, LifePoint does not undertake any obligation, and
expressly disclaims any obligation, to update, alter or otherwise revise
any forward-looking statements, whether written or oral, that may be
made from time to time, whether as a result of new information, future
events or otherwise.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com