Deals
Apollo to Buy Hospital Chain LifePoint in $2.52 Billion Deal
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Apollo Global Management LLC plans to buy hospital chain LifePoint Health Inc. for $65 a share, expanding the private-equity firm’s ambitions in rural health care.
The deal values LifePoint at $2.52 billion, or $5.6 billion including debt and minority interest, the firms said in a statement on Monday. The price is a 36 percent premium to where LifePoint shares closed on July 20, before news of a potential takeover was reported.