FAST-GROWING OPERATOR COMMITS $495 MILLION+ FOR SIX MORE HOSPITALS
By Murray W. Wolf
BRENTWOOD, Tenn. – LifePoint Hospitals Inc. (Nasdaq: LPNT) is continuing its acquisitive ways. The Brentwood-based hospital operating company recently agreed to acquire six hospitals for a total of $495 million, plus working capital.
On July 14, LifePoint announced that it has signed a definitive agreement to purchase five rural Virginia and West Virginia hospitals from HCA Inc. (NYSE: HCA) for about $285 million, plus working capital. The firm expects to complete the transaction in the fourth quarter of 2005.
The five facilities include 200-bed Clinch Valley Medical Center, Richlands, Va.; 325-bed St. Joseph’s Hospital,
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