Duke LifePoint Healthcare Signs Definitive Agreement with Wilson Medical Center

  Duke LifePoint Healthcare Signs Definitive Agreement with Wilson Medical
  Center

 Agreement to form joint venture includes $120 million in capital investments
         and resources to strengthen and grow North Carolina hospital

Business Wire

WILSON, N.C. -- January 8, 2014

The Wilson Medical Center Board of Directors has taken the next step in
becoming part of Duke LifePoint Healthcare. The organizations have signed a
definitive agreement to form a joint venture. The proposed joint venture,
which will provide Wilson Medical Center with resources to enhance its
services and invest in its growth, is moving forward following a positive vote
by the Wilson County Board of Commissioners. The agreement is under review by
the Attorney General of North Carolina.

“Duke LifePoint is the ideal partner for our hospital as we seek ways to
strengthen and grow Wilson Medical Center for the future,” said Jim Pridgen,
Chairman of the Wilson Medical Center Board of Directors. “The due diligence
we have conducted over the past several weeks has confirmed the tremendous
benefit a relationship with Duke LifePoint can offer our employees,
physicians, patients and community. We look forward to taking the next step in
our proposed joint venture.”

Under the terms of the definitive agreement, Duke LifePoint would own 80
percent of the joint venture, while Wilson Medical Center and the community
would have a 20 percent ownership stake. The joint venture would commit to
$120 million in capital investments at Wilson Medical Center over the next
decade.

“Wilson and Duke LifePoint are united on several important issues including a
dedication to quality care, a commitment to our employees and medical staff,
and an understanding of the importance of local involvement in the future of
our hospital,” said Rick Hudson, President and CEO of Wilson Medical Center.
“It is exciting to align with an organization that brings these shared values
to table along with tremendous clinical, quality and operational resources
that can help us strengthen our services and prosper.”

As part of the definitive agreement, governance of Wilson Medical Center would
be shared equally by Duke LifePoint and Wilson though the creation of a
10-member board with equal representation from both organizations. This board
will help ensure a strong community voice in the strategic direction of the
hospital.

“Wilson Medical Center is a well-respected provider of quality healthcare in
Wilson County,” said William J. Fulkerson, Jr., MD, Executive Vice President
of Duke University Health System. “Duke LifePoint is excited at the prospect
of partnering with Wilson Medical Center’s dedicated board, management team,
clinical staff and employees to strengthen and enhance healthcare in its
communities.”

Wilson Medical Center’s joint venture with Duke LifePoint offers many benefits
to the community. The joint venture would become a taxpaying organization,
providing an important source of new tax revenue to support the Wilson
economy.

“All of us at Duke LifePoint have enjoyed getting to know more about the
Wilson Medical Center team,” said LifePoint Chairman and Chief Executive
Officer William F. Carpenter III. “We are excited at the prospect of becoming
part of the Wilson community and working with the hospital to provide quality
healthcare close to home in this region. Working together, we see great
opportunity to strengthen and enhance health services here for years to come.”

Duke LifePoint owns four hospitals and a company that offers hospital-based
catheterization labs and mobile catheterization services:

  *Maria Parham Medical Center, Henderson, NC
  *Marquette General Health System, Marquette, MI
  *Person Memorial Hospital, Roxboro, NC
  *Twin County Regional Healthcare, Galax, VA
  *DLP Cardiac Partners, Charlotte, NC

It also has signed a definitive agreement to form a joint venture with
Rutherford Regional Medical Center in Rutherfordton, NC, and memoranda of
understanding to acquire WestCare Health System in Sylva, NC, and Haywood
Regional Medical Center in Clyde, NC.

About Wilson Medical Center

Wilson Medical Center is a 294-bed health care organization that offers a
range of services. We offer comprehensive cardiac care, imaging services,
cancer care and orthopedics, in addition to primary and specialty care through
our physician practice offices. We also offer community outreach programs,
including Oncology Nurse Navigation, dr. talks and Silver Service, providing
our community with additional health and wellness resources that go beyond
onsite care. For more information, visit www.wilmed.org.

About Duke LifePoint Healthcare

Duke LifePoint Healthcare, a joint venture of Duke University Health System,
Inc. and LifePoint Hospitals® (NASDAQ: LPNT), was established to build a
dynamic network of hospitals and healthcare providers. The joint venture,
which brings together LifePoint's experience in community-based hospital
management and Duke's world-renowned leadership in clinical service, is
strengthening and improving healthcare delivery by providing community
hospitals the clinical, quality and operational resources they need to grow
and prosper. For additional information, visit
www.dukelifepointhealthcare.com.

Contact:

LifePoint Hospitals
Diane Huggins, 615-920-7651
Diane.Huggins@LPNT.net
or
Wilson Medical Center
Connie Rhem, 252-399-8948
connie.rhem@wilmed.org
 
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