Scott Memorial Hospital Joins Norton and LifePoint Joint Venture

  Scott Memorial Hospital Joins Norton and LifePoint Joint Venture

Acquisition brings capital, infrastructure and clinical resources to community
 hospital; will improve care throughout Scott County and surrounding regions

Business Wire

SCOTTSBURG, Ind. -- January 2, 2013

The Board of Directors of Scott Memorial Hospital, a 25-bed critical access
hospital serving Scott County, Ind., and the Regional Health Network of
Kentucky and Southern Indiana, a joint venture of Norton Healthcare and
LifePoint Hospitals^®, today announced they have finalized the acquisition of
Scott Memorial Hospital.

Under the terms of the agreement, the Norton Healthcare and LifePoint joint
venture will invest $3 million in the hospital over the next five years and
collaborate with Scott Memorial to strengthen the services it offers, invest
in new technology, recruit needed physicians, and ensure the continuum of care
for patients through specialized healthcare services provided by Norton
Healthcare. Other terms of the agreement were not disclosed.

“Scott Memorial is very pleased to finalize this acquisition,” said Donna
Faris, Chair of the Scott Memorial Hospital Board of Directors. “We chose
Norton Healthcare and LifePoint as the best owner for Scott Memorial Hospital
because of the clinical and operational resources and expertise they bring to
our community as well as their commitment to quality care and the future of
this hospital. We are excited about the many advantages this acquisition will
bring to our patients, employees and medical staff.”

All Scott Memorial employees were offered employment at the hospital, subject
to pre-employment screenings. Additionally, the services offered at the
hospital will be maintained and expanded as capital investments are made in
technology and new physicians are recruited. Norton and LifePoint have agreed
to maintain Scott Memorial’s commitment to provide charity care. Because the
Norton Healthcare and LifePoint joint venture is a tax-paying organization,
the community also will benefit from new tax revenues the hospital will
provide.

“Norton Healthcare and LifePoint are excited to partner with Scott Memorial to
enhance care in Scott County and the surrounding areas,” said Stephan A.
Williams, President and CEO of Norton Healthcare. “Together, with the
hospital’s management team, employees and medical staff, we look forward to
enhancing the services Scott Memorial offers and ensuring the continuum of
care for its patients today and for years to come.”

The acquisition of Scott Memorial Hospital by the Regional Health Network of
Kentucky and Southern Indiana will be the first for the joint venture between
Norton Healthcare and LifePoint, which was formed in May 2012. LifePoint is
the managing partner and Norton Healthcare serves as the clinical partner.

“We are pleased that Scott Memorial Hospital is the first hospital to join the
Regional Health Network of Kentucky and Southern Indiana,” said William F.
Carpenter III, Chairman and Chief Executive Officer of LifePoint Hospitals.
“We see great opportunities to enhance the care provided in this region. We
are excited to partner with Scott Memorial to expand the hospital’s services
to meet the needs of the community and make investments in new technology,
physician recruitment and other key areas that will help strengthen its
operations.”

About Scott Memorial Hospital

Scott Memorial is a 25-bed community hospital located in Scottsburg, Indiana
that provides short-term inpatient and outpatient health care. Scott Memorial
has been providing care to Scott County and its neighboring communities since
1959 and the hospital is the central component in the community’s health care
delivery system. The hospital has a medical staff of approximately 90
providers, maintains a critical access designation under the Medicare and
Medicaid programs, and is a leading employer in Scott County, with
approximately 200 full time employees.

About Norton Healthcare

For more than 125 years, Norton Healthcare’s faith heritage has guided its
mission to provide quality health care to all those it serves. Today, Norton
Healthcare is the Louisville area’s leading, most comprehensive health care
system (45 percent market share) and third largest private employer, providing
care at more than 125 locations throughout Greater Louisville and Southern
Indiana. The Louisville-based not-for-profit system includes five Louisville
hospitals with more than 1,800 licensed beds; five outpatient centers; 12
Norton Immediate Care Centers; 11,300 employees; more than 480 employed
medical providers; and about 2,000 total physicians on its medical staff.
Norton Healthcare is the 2011 recipient (and the only one in the state of
Kentucky) of the prestigious National Quality Forum National Quality
Healthcare Award and has consistently been recognized as one of the best
places to work in Metro Louisville, the state of Kentucky and nationally.
Norton Healthcare and Humana are one of only four national pilot sites, and
the only one in Kentucky, to study the Accountable Care Organization (ACO)
model through the prestigious Brookings - Dartmouth ACO Pilot Project. More
information about Norton Healthcare is available at NortonHealthcare.com.

About LifePoint Hospitals

LifePoint Hospitals^® is a leading hospital company focused on providing
quality health care services close to home. Through its subsidiaries,
LifePoint operates 57 hospital campuses in 20 states. With a mission of
“Making Communities Healthier^®,” LifePoint is the sole community hospital
provider in the majority of the communities it serves. More information about
the company, headquartered in Brentwood, Tenn., can be found at
www.LifePointHospitals.com. All references to “LifePoint,” “LifePoint
Hospitals” or the “Company” used in this release refer to LifePoint Hospitals,
Inc. or its affiliates.

Contact:

Scott Memorial Hospital
Tori Pugh, 812-752-8542
tori.pugh@smh1.org
or
Norton Healthcare
Thomas Johnson, 502-629-8092
Thomas.Johnson2@nortonhealthcare.org
or
LifePoint Hospitals
Michelle Augusty, 615-372-1459
Michelle.Augusty@LPNT.net
 
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