Private Equity Firm & Brentwood Health Care Company Talk Billion Dollar Deal

lifepoint building

Multiple news sources report that LifePoint Health Inc, of Brentwood is in talks with private equity firm Apollo Global Management LLC.

“Apollo Global Management LLC is in advanced talks to acquire LifePoint Health Inc, in its latest bid to consolidate the rural U.S. hospital sector, two people familiar with the matter said on Friday,” reports Reuters.

LifePoint operates hospitals in around 70 communities across 22 states. With 2017 revenue of $6.29 billion, it ranks as the fourth-biggest publicly traded health care company in Greater Nashville, reports Nashville Business Journal.

“It would be by far the biggest acquisition for Apollo this year. LifePoint currently has a market capitalisation of $1.9 billion (1.45 billion pounds)and long-term net debt of $2.9 billion,” reports Reuters.

“LifePoint shares rose 36 percent to $64.85 on the news in after-hours trading on Friday.”

Multiple news sources report that a deal could be announced as early as next week.