Apollo Global Management is set to acquire LifePoint Health
Divided into three operating groups: Eastern Group, Central Group and Western Group, LifePoint Health is set to be acquired by private equity firm, Apollo Global Management, CNBC has recently reported. The move has been met positively, with LifePoint jumping over 30% in after-hours trading after the news broke.
Through the deal, Apollo would seek to merge LifePoint with another unit under its umbrella RegionalCare Hospital Partners, which it acquired in 2015.
As the healthcare sector continues to hot up, the deal and potential merger would therefore enable LifePoint to remain competitive, reduce escalating healthcare costs, particularly within healthcare insurance and ensure the delivery of exceptional patient care which is seamless and thoroughly connected.
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LifePoint’s health facilities have recently been honoured with the 2018 Healthgrades Patient Safety Excellence Award, demonstrating the lowest occurrences of 14 preventable patient safety events.
Located in Tennessee, the company is responsible for up to 70 communities across over 20 states in the US, with the sole mission of making communities healthier. Starting with its own staff, LifePoint Health’s Disaster Recovery Fund has helped to support over 400 employees, delivering more than $1mn in financial support.