LifePoint Health, RCCH HealthCare Partners To Merge - Quick Facts

(RTTNews) - LifePoint Health, Inc. (LPNT) and RCCH HealthCare Partners, which is owned by certain funds managed by affiliates of Apollo Global Management, LLC (APO), announced a definitive agreement to merge. LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own, resulting in a LifePoint enterprise value of approximately $5.6 billion, including $2.9 billion of net debt and minority interest.

The combined company will be privately held, operate under the LifePoint Health name and be led by William Carpenter III, chairman and CEO of LifePoint.

LifePoint Health, Inc. noted that, under the terms of the definitive agreement, the company may actively solicit alternative acquisition proposals during a 30-day period following the execution date of the definitive agreement, continuing until August 22, 2018.