M&A Deal Summary

LifePoint Health Acquires Province Healthcare

On August 16, 2004, LifePoint Health acquired healthcare services company Province Healthcare from GTCR for 1.7B USD

Acquisition Highlights
  • This is LifePoint Health’s 2nd transaction in the Healthcare Services sector.
  • This is LifePoint Health’s largest (disclosed) transaction.
  • This is LifePoint Health’s 2nd transaction in the United States.
  • This is LifePoint Health’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2004-08-16
Target Province Healthcare
Sector Healthcare Services
Buyer(s) LifePoint Health
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) BofA Securities (Financial)
Alston & Bird (Legal)

Target

Province Healthcare

Brentwood, Tennessee, United States
Province Healthcare Company, a provider of healthcare services in attractive non-urban markets in the United States, owns or leases 20 general acute care hospitals in 12 states with a total of 2,486 licensed beds.

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Buyer(S) 1

Buyer

LifePoint Health

Brentwood, Tennessee, United States

Category Company
Founded 1997
Sector Healthcare Services
Employees53,200
Revenue 5.2B USD (2015)
DESCRIPTION
Entrance to LifePoint's headquarters in Brentwood, Tennessee.
Entrance to LifePoint's headquarters in Brentwood, Tennessee.

LifePoint Health includes a footprint of regional health systems, physician practices, outpatient centers, and post-acute facilities in more than 85 non-urban communities that span coast to coast. LifePoint was established in 1997 and is based in Brentwood, Tennessee.


DEAL STATS #
Overall 2 of 23
Sector (Healthcare Services) 2 of 22
Type (Add-on Acquisition) 1 of 15
State (Tennessee) 1 of 5
Country (United States) 2 of 23
Year (2004) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-26 River Parishes Hospital

La Place, Louisiana, United States

River Parishes Hospital, LLC facility provides a full array of primary and secondary care services. River Parishes is the only hospital in St. John the Baptist Parish.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Bartow Memorial Hospital

Bartow, Florida, United States

Sell -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 84
Sector (Healthcare Services) 4 of 16
Type (Add-on Acquisition) 8 of 40
State (Tennessee) 1 of 6
Country (United States) 11 of 81
Year (2004) 4 of 5
Size (of disclosed) 2 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-23 Cellnet Technology

Alpharetta, Georgia, United States

Cellnet is a provider of real-time automated meter reading and distribution automation solutions to the utility industry. The Company supplies gas, water, and electric utilities with highly reliable, field-proven products that enable them to communicate with residential, commercial, and industrial meters using wireless and IP network communications.

Buy $205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 DigitalNet

Herndon, Virginia, United States

DigitalNet was a provider of managed government network services, government information security solutions and application development and integration services to U.S. government defense, intelligence and civilian federal government agencies. This government technology company also provided seat management services and monitoring and maintenance of government computer systems on a per-desktop basis.

Sell $600M