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Article: LifePoint Hospitals Reaches Agreement with HCA for Purchase of Four Hospitals.
- Article from:
- Business Wire
- Article date:
- June 5, 2006
CopyrightCOPYRIGHT 2006 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. (NASDAQ: LPNT) today announced that it had reached an agreement with HCA (NYSE: HCA) on a modification of its previously announced agreement. Under the terms of the modified agreement, LifePoint will acquire three hospitals in West Virginia and one in Virginia for a purchase price of $239 million plus specific working capital, including inventory and the assumption of paid time off, as defined in the new agreement. The transaction is subject to certain closing conditions and is expected to close by June 30, 2006.
The four facilities to be acquired are 200-bed Clinch Valley Medical Center, Richlands, Virginia; 325-bed ...
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