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Article: LifePoint Hospitals, Inc. Announces Agreement to Acquire Province Healthcare Company for $1.7 Billion.
- Article from:
- Business Wire
- Article date:
- August 16, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRENTWOOD, Tenn. -- LifePoint Hospitals, Inc. ("LifePoint Hospitals") (NASDAQ: LPNT) and Province Healthcare Company ("Province Healthcare") (NYSE: PRV) jointly announced today that they have signed a definitive agreement for LifePoint Hospitals to acquire Province Healthcare for approximately $1.7 billion in cash, stock and the assumption of debt. The transaction will create a leading hospital company focused on providing healthcare services in non-urban communities, with 50 hospitals, approximately 5,285 beds and combined revenues of approximately $1.7 billion in 2003. Of the combined 50 hospitals, 47 will be in markets where LifePoint Hospitals will be the sole ...
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Article: LifePoint pays 66% premium for Province.(LifePoint ...
Healthcare Strategic Management;
September 1, 2004 ;
700+ words
... ... deal, the premium is almost 66%. "LifePoint Hospitals, Inc. ("LifePoint Hospitals") (NASDAQ: LPNT) and Province ... have signed a definitive agreement for LifePoint Hospitals to acquire Province Health care for ...
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