LifePoint Health today announced that its stockholders approved the proposed agreement to merge LifePoint and RCCH HealthCare Partners, which is owned by certain funds managed by affiliates of Apollo Global Management, LLC. Upon closing of the transaction, LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own.
Holders of a majority of the outstanding shares of LifePoint’s common stock voted in favor of adopting the merger agreement. The final voting results for all proposals will be filed with the Securities and Exchange Commission in a Current Report on Form 8-K.
The acquisition is expected to be completed during the fourth quarter of calendar year 2018, subject to satisfaction of the remaining closing conditions.
Date: November 5, 2018
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Source: LifePointHealth