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News Breaks
January 8, 2014
07:01 EDTLPNTDuke LifePoint Healthcare to form JV with Wilson Medical Center
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. Under the terms of the definitive agreement, Duke LifePoint would own 80% of the joint venture, while Wilson Medical Center and the community would have a 20% ownership stake. The joint venture would commit to $120M in capital investments at Wilson Medical Center over the next decade. 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.
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August 29, 2014
08:20 EDTLPNTCommunity Health to beneift from Pennsylvania Medicaid expansion, saysBofA/Merrill
Yesterday, Pennsylvania announced an expansion of Medicaid. BofA/Merrill has not changed estimates but said the news makes estimates for 2015 look too low. The analyst said Community Health (CYH) has the largest exposure to Pennsylvania with approximately 10% of beds in the state, following by Tenet (THC) with 3% of beds in the state, and LifePoint Hospitals (LPNT) will have 6% of the beds in the state when the Conemaugh deal is finalized.
August 28, 2014
08:14 EDTLPNTJefferies to hold a bus tour
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August 21, 2014
07:03 EDTLPNTDuke LifePoint to acquire Conemaugh Health System
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