Deals
Hospitals Rally With Investors Pinning Hopes on Private Equity Buyers
Photographer: Christopher Furlong/Getty Images
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The potential of private capital coming in and rescuing hospitals is driving a rally in shares.
The Bloomberg Intelligence Hospitals index jumped as much as 8.1 percent, the most since August 11, after Apollo Global Management LLC shelled out $5.6 billion to buy rural hospital chain LifePoint Health Inc., including its debt and minority interest. While hospital stocks have staged a comeback this year, they’re still down 40 percent since their peak in mid-2015.