M&A Deal Summary

LifePoint Health Acquires RCCH HealthCare Partners

On July 23, 2018, LifePoint Health acquired healthcare services company RCCH HealthCare Partners from Apollo Global Management

Acquisition Highlights
  • This is LifePoint Health’s 18th transaction in the Healthcare Services sector.
  • This is LifePoint Health’s 18th transaction in the United States.
  • This is LifePoint Health’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2018-07-23
Target RCCH HealthCare Partners
Sector Healthcare Services
Buyer(s) LifePoint Health
Sellers(s) Apollo Global Management
Deal Type Merger
Advisor(s) Barclays Investment Bank
MTS Health Partners LP (Financial)
Akin Gump Strauss Hauer & Feld
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

RCCH HealthCare Partners

Brentwood, Tennessee, United States
RCCH HealthCare Partners works with communities to provide high-quality, compassionate hospital and healthcare services to non-urban communities all across the country. By developing regionally focused healthcare delivery systems, RCCH HealthCare Partners is able to ensure that access to care is available to our patients, and their families, close to home. RCCH HealthCare Partners was founded in 2010 and is based in Brentwood, Tennessee.

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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 18 of 23
Sector (Healthcare Services) 18 of 22
Type (Merger) 1 of 1
State (Tennessee) 5 of 5
Country (United States) 18 of 23
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 MedAccess Urgent Care P

Chapel Hill, North Carolina, United States

MedAccess Urgent Care PLLC is a locally owned urgent care and occupational health practice started in Roxboro, North Carolina in 2008. MedAccess has been a leader in customer service, and its Roxboro clinic was the first certified urgent care recognized in North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Kindred

Louisville, Kentucky, United States

Kindred is a healthcare services company based in Louisville, Kentucky. Kindred provides healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based), and a contract rehabilitation services business, RehabCare, which serves 1,875 non-affiliated facilities. Kindred was founded in 1985 and is based in Louisville, Kentucky.

Buy -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 34 of 67
Sector (Healthcare Services) 2 of 5
Type (Merger) 6 of 8
State (Tennessee) 3 of 3
Country (United States) 28 of 51
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 LifePoint Health

Brentwood, Tennessee, United States

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.

Buy $5.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Aleris International

Cleveland, Ohio, United States

Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

Sell $2.6B
Mergr

Product

Company

Legal