Apollo to Buy LifePoint in $5.6 Billion Deal - Articles

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Posted by: Jarod Word on Jul 25, 2018
Apollo Global Management will buy LifePoint Health in a $5.6 billion deal that will expand its rural U.S. hospitals business, CNBC reports. The deal, which was announced on Monday, will bring together LifePoint and Apollo's Brentwood-based RCCH HealthCare Partners, which also recently assumed control of bankrupt hospital chain Trios Health.
LifePoint canceled its Q2 earnings call immediately following the announcement of the $5.6B deal with Apollo. The company said that it will accept competing bids until Aug. 22.