LifePoint Health Stockholders Approve Merger with RCCH HealthCare Partners
October 29 2018 - 10:49AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181029005508/en/
LifePoint HealthMichelle Augusty, 615-920-7654Vice President,
CommunicationsMichelle.augusty@lpnt.net
LifePoint Health, Inc. (NASDAQ:LPNT)
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