LifePoint Health Announces Future Leadership Team for Merged Organization
October 18 2018 - 8:00AM
Business Wire
LifePoint Health (NASDAQ: LPNT) today announced the incoming
executive team that will lead the organization following the
completion of its merger with RCCH HealthCare Partners. The
transaction is expected to be finalized later this year and will
result in LifePoint Health being a privately-held company.
“I am delighted to announce the executive team that will lead
the newly-expanded LifePoint Health into the future,” said David
Dill, LifePoint Health’s current President and Chief Operating
Officer who will assume the role of Chief Executive Officer of the
combined company, pending completion of the transaction. “This team
will be responsible for uniting LifePoint Health and RCCH
HealthCare Partners around a shared culture and goal of
establishing our company as the leader in delivering high-quality,
community-based healthcare. Together, we have exciting
opportunities to transform healthcare in non-urban communities and
advance our mission of Making Communities Healthier.”
The LifePoint Health executive leadership team will include:
- John Bumpus, Executive Vice
President (EVP), Administration;
- Michael Coggin, EVP, Chief
Financial Officer;
- Victor Giovanetti, FACHE, EVP,
Hospital Operations;
- Rob Jay, EVP, Integrated
Operations; and
- Jennifer Peters, EVP, General
Counsel.
The combined company will be known as LifePoint Health and will
operate a diversified portfolio of healthcare assets, including
more than 80 non-urban hospitals in 30 states, regional health
systems, physician practices, outpatient centers and post-acute
service providers, with leading market positions as the sole
community healthcare provider in the majority of the regions it
serves.
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 the Company, 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 the Company and other statements that are not historical facts.
Such statements are based on the current beliefs and expectations
of the management of the Company and are subject to significant
risks and uncertainties outside of the Company’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; the failure of the Company’s stockholders to adopt the
Agreement and Plan of Merger; 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 the
Company; 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
the Company’s credit rating; and other risks described in the
Company’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, the Company 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181018005279/en/
LifePoint HealthMichelle Augusty,
615-920-7654Michelle.augusty@lpnt.net
LifePoint Health, Inc. (NASDAQ:LPNT)
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