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Article: LifePoint Hospitals to acquire Province Healthcare for $1.7B.
- Article from:
- Life Science Weekly
- Article date:
- September 14, 2004
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2004 SEP 14 - (NewsRx.com & NewsRx.net) -- LifePoint Hospitals, Inc., (LPNT) and Province Healthcare Company (PRV) 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 community hospital provider. The transaction is expected to ...