BRENTWOOD, Tenn. (October 18, 2018) – 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.