LifePoint Health, Inc., through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities. As of December 31, 2015, the company operated 67 hospital campuses in 21 states throughout the United States, having a total of 8,243 licensed beds. The company’s hospitals typically provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, pediatric services, and in some of its hospitals, specialized services, such as open-heart surgery, skilled nursing, psychiatric care and neuro-surgery. In many markets, the company also provides outpatient services, such as same-day surgery, laboratory, X-ray, respiratory therapy, imaging, sports medicine and lithotripsy. The company’s hospitals have affiliations with medical schools, including the clinical rotation of medical and pharmacy students, and two of its hospitals own and operate schools of nursing and other allied health professions. In 2011, the company formed Duke LifePoint Healthcare, a joint venture between the company and a wholly-controlled affiliate of Duke University Health System, Inc., with an intention to own and operate community hospitals, as well as improve the delivery of healthcare services. The company owns a controlling interest in Duke LifePoint Healthcare. In 2012, the company entered into a joint venture agreement with Norton Healthcare, Inc. to form the Regional Health Network of Kentucky and Southern Indiana (RHN), the purpose of which is to own and operate hospitals in non-urban communities in Kentucky and Southern Indiana. Through RHN, the company acquired Clark Memorial Hospital, a 236 bed acute care hospital located in Jeffersonville, Indiana, effective August 2015, and Scott Memorial Hospital, a 25 bed critical access hospital located in Scottsburg, Indiana, effective 2013. The company continues to make other strategic acquisitions on an opportunistic basis, including various additional facilities during the year ended December 31, 2015, such as an 80% interest in an entity that owns and operates Watertown Regional Medical Center, a 95 bed acute care hospital located in Watertown, Wisconsin, effective September 2015; Fleming County Hospital, a 52 bed acute care hospital located in Flemingsburg, Kentucky, effective August 2015; and Nason Hospital, a 45 bed acute care hospital located in Roaring Spring, Pennsylvania, effective February 2015. Business Strategy The company’s business strategy includes opportunities in existing markets and opportunities in new markets. Its overall operating strategy is to expand the breadth of services offered at its hospitals in an effort to attract community patients that might otherwise leave their community for healthcare; recruit, attract and retain physicians interested in practicing in the communities where its hospitals are primarily located; recruit, retain and develop hospital executives and staff interested in working and living in the communities where its hospitals are primarily located; negotiate favorable, facility-specific contracts with managed care and other private third-party payors; and efficiently leverage resources across all of its hospitals. Government Regulation As of December 31, 2015, with the exception of certain of the company’s critical access hospitals, including Bluegrass Community Hospital, Bell Hospital, and Meyersdale Medical Center, all of the company’s hospitals are accredited by the Joint Commission. Many of the states in which the company operates have adopted laws similar to the Anti-kickback Statute and the Stark law. All of the company’s facilities are subject to the Emergency Medical Treatment and Active Labor Act. The company is subject to the administrative simplification provisions of the Health Insurance Portability and Accountability Act of 1996, which require the use of uniform electronic data transmission standards for healthcare claims and payment transactions submitted or received electronically. Additionally, the company is subject to the privacy and security regulations promulgated under HIPAA and the Health Information Technology for Economic and Clinical Health Act, which are designed to protect the confidentiality, availability and integrity of protected health information and establish a range of patient rights with respect to such information. History LifePoint Hospitals, Inc., a Delaware corporation, was founded in 1997.
lifepoint health inc
(LPO:German Stock Exchange)
330 Seven Springs Way
Brentwood, TN 37027
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