LifePoint Hospitals Announces Expansion and Extension of Stock Repurchase Program

  LifePoint Hospitals Announces Expansion and Extension of Stock Repurchase

Business Wire

BRENTWOOD, Tenn. -- March 4, 2013

LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced that its Board of
Directors, at a regularly scheduled meeting, has approved a $100 million
increase in the size of its existing share repurchase program. Additionally,
the share repurchase program, which was scheduled to expire on March 13, 2013,
was extended until August 20, 2014.

As of December 31, 2012, the Company had repurchased approximately $154.6
million in shares of its common stock under the share repurchase program,
leaving an available balance of approximately $195.4 million under the
expanded program for future share repurchases.

Under the share repurchase program, the Company may repurchase its common
stock from time to time, in amounts, at prices, and at such times as the
Company deems appropriate, subject to market conditions and other
considerations. The Company’s repurchases may be executed using open market
purchases, privately negotiated transactions, accelerated share repurchase
programs or other transactions. The Company intends to fund repurchases under
the share repurchase program from cash on hand, available borrowings or
proceeds from potential debt or other capital markets transactions.

About LifePoint Hospitals

LifePoint Hospitals, Inc. is a leading hospital company focused on providing
quality healthcare 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,
which is headquartered in Brentwood, Tennessee, can be found on its website, All references to “LifePoint,” “LifePoint
Hospitals,” or the “Company” used in this release refer to LifePoint
Hospitals, Inc. or its affiliates.

Important Legal Information. Certain statements contained in this release are
based on current management expectations and are “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and are
intended to qualify for the safe harbor protections from liability provided by
the Private Securities Litigation Reform Act of 1995. Numerous factors exist
which may cause results to differ from these expectations. Many of the factors
that will determine our future results are beyond our ability to control or
predict with accuracy. Such forward-looking statements reflect the current
expectations and beliefs of the management of LifePoint, are not guarantees of
performance and are subject to a number of risks, uncertainties, assumptions
and other factors that could cause actual results to differ from those
described in the forward-looking statements. These forward-looking statements
may also be subject to other risk factors and uncertainties, including without
limitation: (i) the effects related to the enactment and implementation of
healthcare reform, the possible enactment of additional federal or state
healthcare reforms and possible changes in healthcare reform laws and other
federal, state or local laws or regulations affecting the healthcare industry
including the timing of the implementation of reform; (ii) the extent to which
states support increases, decreases or changes in Medicaid programs, implement
healthcare exchanges or alter the provision of healthcare to state residents
through regulation or otherwise; (iii) delays in receiving payments for
services provided, reductions in Medicare or Medicaid payments (including
increased recoveries made by Recovery Audit Contractors (RAC) and similar
governmental agents), compared to the timing of expanded coverage; (iv)
reductions in reimbursements from commercial payors, whether due to a change
in our revenue mix, service mix, reduction in commercial rates or otherwise;
(v) our ability to acquire hospitals and other healthcare providers on
favorable terms, the business risks and costs associated therewith and the
uncertainty in operating and integrating such hospitals and other providers;
(vi) our ongoing ability to demonstrate meaningful use of certified electronic
health record technology and recognize income for the related Medicare or
Medicaid incentive payments; (vii) the failure or closure of employers in our
markets, especially those that are dependent on a small number of local
employers; (viii) the growth of “bad debt” and “patient due” accounts, the
number of individuals without insurance coverage (or who are underinsured) who
seek care at our hospitals, and deterioration in the collectability of these
accounts; (ix) changes in general economic conditions nationally and
regionally in our markets; (x) whether our core strategies will result in
anticipated operating results, including measureable quality and satisfaction
improvements; (xi) whether our efforts to reduce the cost of providing
healthcare while increasing the quality of care are successful; (xii) the
ability to attract, recruit and retain qualified physicians, nurses, medical
technicians and other healthcare professionals and the increasing costs
associated with doing so, including the direct costs associated with employing
physicians and other healthcare professionals; (xiii) the loss of certain
physicians in markets where such a loss can have a disproportionate impact on
our hospital in such market; (xiv) the application, interpretation and
enforcement of increasingly stringent and complex laws and regulations
governing our operations and healthcare generally (and changing
interpretations of applicable laws and regulations), related enforcement
activity and the potentially adverse impact of known and unknown government
investigations, litigation and other claims that may be made against us; (xv)
any interruption of or restriction in our access to licensed information (and
information technology systems) or failure in our ability to integrate changes
to LifePoint’s existing information systems or information systems of acquired
hospitals; (xvi) the highly competitive nature of the health care business;
(xvii) adverse events in states where a large portion of our revenues are
concentrated; (xviii) the availability and terms of capital to fund the
expansion of our business and improvements to our existing facilities, and any
changes in accounting practices; (xix) liabilities resulting from potential
malpractice and related legal claims brought against our hospitals or the
healthcare providers associated with, or employed by, such hospitals or
affiliated entities; (xx) our increased dependence on third parties to provide
purchasing, revenue cycle and payroll services and information technology and
whether they are able to do so effectively; (xxi) the continued viability of
Duke – LifePoint Healthcare and our partnership with Duke University Medical
Center; and (xxii) those other risks and uncertainties described from time to
time in our filings with the Securities and Exchange Commission. Therefore,
our future results may differ materially from those described in this release.
LifePoint undertakes no obligation to update any forward-looking statements,
or to make any other forward-looking statements, whether as a result of new
information, future events or otherwise.

All references to “our,” “LifePoint,” “LifePoint Hospitals” and the “Company”
as used throughout this release refer to LifePoint Hospitals, Inc. and its


LifePoint Hospitals, Inc.
Jeff Sherman, 615-372-8501
Executive Vice President and Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.