Market Overview

LifePoint Health and RCCH HealthCare Partners Announce Completion of Merger

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LifePoint Health, Inc. (NASDAQ:LPNT) ("LifePoint") today announced the
completion of its merger with RCCH HealthCare Partners ("RCCH"), which
is owned by certain funds managed by affiliates of Apollo Global
Management, LLC (NYSE:APO) (together with its consolidated
subsidiaries, "Apollo"). As a result of the merger, LifePoint's common
stock is no longer trading on NASDAQ, effective today, and will be
delisted.

The combined, privately held company will operate under the LifePoint
Health name and includes a footprint of regional health systems,
physician practices, outpatient centers, and post-acute facilities in
more than 85 non-urban communities that span coast to coast.

"Today marks a historic moment for LifePoint Health and RCCH HealthCare
Partners. We are officially one organization dedicated to providing high
quality, community-based healthcare, and I am energized by the
opportunities we have ahead of us to serve non-urban communities across
the country," said David Dill, whose appointment as chief executive
officer (CEO) of LifePoint became effective upon completion of the
transaction. "Our collective teams–now united as the LifePoint Health
team – share a dedication to delivering compassionate, quality care, and
have a deep bench of expertise in helping healthcare providers in
non-urban areas succeed. Together, we have the size, experience,
resources and drive to be even greater leaders in transforming
community-based healthcare for the future."

LifePoint's headquarters will remain in Brentwood, Tennessee, and it
will maintain both organizations' existing strategic partnerships with
well-known leaders in patient safety and clinical quality as it seeks to
continue to advance quality care in each of its communities.

The executive team that will lead LifePoint moving forward includes:

  • David Dill, CEO;
  • John Bumpus, Executive Vice President, Administration;
  • Michael Coggin, Executive Vice President and Chief Financial Officer;
  • Victor Giovanetti, FACHE, Executive Vice President, Hospital
    Operations;
  • Rob Jay, Executive Vice President, Integrated Operations; and
  • Jennifer Peters, Executive Vice President and General Counsel.

Former LifePoint Health Chairman and CEO William F. Carpenter III and
former RCCH HealthCare Partners CEO Marty Rash will remain engaged in
the organization as members of the Board of Directors of LifePoint.

"The healthcare delivery system in America is changing rapidly, and it
is vital that we take the steps needed to ensure that high quality,
compassionate care will be available to non-urban communities across the
country," said Rash. "The merger of these two companies creates an
organization that is well positioned to be impactful to our patients and
our communities for years to come."

Carpenter commented, "I'm thrilled that our organizations have come
together as one and am incredibly confident in the future of the
newly-expanded LifePoint Health under David Dill's leadership.
Ultimately, it is the care and services that our hospitals and health
systems are providing that are most important, and I know the combined
team will continue our legacy of supporting our employees and caregivers
so that we are Making Communities Healthier for decades to come."

As a result of the merger, LifePoint shareholders are receiving $65.00
per share in cash for each share of LifePoint's common stock they owned,
without interest and less any applicable withholding taxes. This
represents a premium of approximately 36% to LifePoint's closing share
price on July 20, 2018, the last trading day prior to the announcement
of the merger.

Financing was provided by Barclays, Citigroup, RBC Capital Markets,
Credit Suisse, Deutsche Bank Securities and UBS Investment Bank. PSP
Investments Credit USA LLC and an affiliate of Qatar Investment
Authority have also provided a portion of the debt financing. The
financing also included an equity contribution from funds managed by
Apollo and other co-investors.

Goldman Sachs & Co. LLC served as financial advisor and White & Case LLP
served as legal advisor to LifePoint Health. Barclays and MTS Health
Partners, L.P. served as financial advisors to RCCH, and Akin Gump
Strauss Hauer & Feld LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP
and Sidley Austin LLP served as legal advisors.

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.

About Apollo
Apollo is a leading global alternative
investment manager with offices in New York, Los Angeles, Houston,
Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi,
Singapore, Hong Kong and Shanghai. Apollo had assets under management of
approximately $270 billion as of September 30, 2018 in private equity,
credit and real assets funds invested across a core group of nine
industries where Apollo has considerable knowledge and resources. For
more information about Apollo, please visit www.apollo.com.

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