LifePoint Hospitals, Inc., through its subsidiaries, operates general acute care hospitals primarily in non-urban communities in the United States (U.S.). The company operates 64 hospital campuses in 21 states, having a total of 8,024 licensed beds. The company’s hospitals 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 various markets, the company also provides outpatient services, such as same-day surgery, laboratory, X-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. Six of 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. Joint Ventures 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 a focus to own and operate community hospitals, as well as improve the delivery of healthcare services. In 2012, the company entered into a joint venture agreement with Norton Healthcare, Inc. to form the Regional Healthcare 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 Scott Memorial Hospital, a 25 bed critical access hospital located in Scottsburg, Indiana, effective 2013. Acquisitions During the year ended December 31, 2014, through Duke LifePoint Healthcare, the company acquired: Conemaugh Health System, which includes Conemaugh Memorial Medical Center, a 470 bed acute care hospital, 39 bed rehabilitation facility and 30 bed long-term care facility located in Johnstown, Pennsylvania; Meyersdale Medical Center, a 20 bed critical access hospital located in Meyersdale, Pennsylvania; and Miners Medical Center, a 30 bed acute care hospital located in Hastings, Pennsylvania, effective September 2014. Haywood Regional Medical Center, a 169 bed acute care hospital located in Clyde, North Carolina, effective August 2014. WestCare Health System, which includes Harris Regional Hospital, an 86 bed acute care hospital located in Sylva, North Carolina; and Swain County Hospital, a 48 bed critical access hospital located in Bryson City, North Carolina, effective August 2014. An 80% interest in an entity that owns and operates Rutherford Regional Hospital, a 143 bed acute care hospital located in Rutherfordton, North Carolina, effective June 2014. An 80% interest in an entity that owns and operates Wilson Medical Center, a 294 bed hospital and 90 bed long-term care facility located in Wilson, North Carolina, effective March 2014. Business Strategy The company’s business strategy includes opportunities in existing markets and opportunities in new markets. The company’s 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 non-urban communities where its hospitals are primarily located; recruit, retain and develop hospital executives and staff interested in working and living in the non-urban 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, 2014, with the exception of Bluegrass Community Hospital, Bell Hospital, and Meyersdale Medical Center, all of the company’s hospitals were accredited by the Joint Commission. 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. Majority of the states in which the company operates have adopted laws similar to the Anti-kickback Statute and the federal physician self-referral law (Stark law). Additionally, the company is subject to the privacy and security requirements of the Health Insurance Portability and Accountability Act of 1996 and the Health Information Technology for Economic and Clinical Health Act, which are designed to protect the confidentiality, availability, and integrity of health 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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