Trios

Apollo to Buy LifePoint in $5.6 Billion Deal

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.
read more »