White & Case Advises LifePoint Health on Merger with RCCH HealthCare Partners
Global law firm White & Case LLP has advised healthcare provider LifePoint Health, Inc. ("LifePoint") on its merger with fellow healthcare provider RCCH HealthCare Partners ("RCCH"). LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own.
LifePoint operates as a public company and will operate as a private company under its previous name of LifePoint Health following the merger. The transaction is conditioned on, among other things, receipt of shareholder and regulatory approval. LifePoint will also continue operating out of its Brentwood, Tennessee, headquarters; the headquarters for both LifePoint and RCCH are currently located in Brentwood.
The merger will create a healthcare provider network including 84 hospitals across 30 states and regional health systems, physician practices, outpatient centers and post-acute service providers. After the merger, LifePoint is expected to have approximately 60,000 employees and more than 12,000 licensed beds.
LifePoint provides inpatient, outpatient and post-acute services, and is the sole community healthcare provider in the majority of its non-urban communities. RCCH is owned by certain funds managed by affiliates of the Apollo Global Management private equity firm. RCCH operates regional health systems in 12 states.
The White & Case team who advised on the transaction includes lead partners Morton Pierce, Michelle Rutta, Chang-Do Gong and Robert Chung in New York. Partners who also supported the transaction include Richard Burke, Steven Chabinsky and Rebecca Farrington in Washington, DC, and David Dreier, Arlene Hahn, Steven Lutt, Gregory Owens and Henrik Patel in New York. Other Firm lawyers involved in the transaction include counsel Kenneth Barr, Seth Kerschner and Patti Marks in New York, and associates Jonathan Black, Micaela Glass, Sandra Jorgensen and Tamer Mahmoud in Washington, DC, and Simon Cassell, Jisan Kim, Narissa Lyngen, Arian Mossanenzadeh, Laura Mulry, Alexandra Norman, Julianne Prisco, Suni Sreepada and DeVoia Stewart in New York.
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