M&A Deal Summary

LifePoint Health Acquires Springstone

On August 29, 2022, LifePoint Health acquired healthcare services company Springstone from MPT

Acquisition Highlights
  • This is LifePoint Health’s 20th transaction in the Healthcare Services sector.
  • This is LifePoint Health’s 21st transaction in the United States.
  • This is LifePoint Health’s 4th transaction in Kentucky.

M&A Deal Summary
Date 2022-08-29
Target Springstone
Sector Healthcare Services
Buyer(s) LifePoint Health
Sellers(s) MPT
Deal Type Divestiture
Advisor(s) Goodwin Procter
Baker, Donelson, Bearman, Caldwell & Berkowitz
Bradley Arant Boult Cummings (Legal)

Target

Springstone

Louisville, Kentucky, United States
Springstone is a provider of high-quality behavioral healthcare services. Its inpatient and outpatient programs provide children and adults with the treatment of mental illness and addiction, offering a broad scope of services for a diverse patient population. In addition to traditional therapies, The company takes a holistic approach to treatment, offering yoga, art, and recreational therapy. Its engaged and mission-driven team is dedicated to Changing People’s Lives through a patient-centric approach to delivering superior outcomes. Springstone was formed in 2010 and is based in Louisville, Kentucky.

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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 21 of 23
Sector (Healthcare Services) 20 of 22
Type (Divestiture) 4 of 5
State (Kentucky) 4 of 4
Country (United States) 21 of 23
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Specialist TeleMed

Denver, Colorado, United States

Specialist TeleMed is a telemedicine provider for hospitals, clinics and remote locations worldwide. Specialist TeleMed is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Cornerstone Behavioral Health El Dorado

Tucson, Arizona, United States

Cornerstone Behavioral Health El Dorado is a 54-bed behavioral health facility that provides treatment for adult behavioral health patients. Cornerstone Behavioral Health El Dorado is based in Tucson, Arizona.

Buy -

Seller(S) 1

SELLER

MPT

Birmingham, Alabama, United States
Category Company
Sector Real Estate
Employees121
Revenue 872M USD (2023)
DESCRIPTION

MPT is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT is based in Birmingham, Alabama.

DEAL STATS #
Overall 3 of 4
Sector (Healthcare Services) 3 of 4
Type (Divestiture) 2 of 3
State (Kentucky) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 Springstone

Louisville, Kentucky, United States

Springstone is a provider of high-quality behavioral healthcare services. Its inpatient and outpatient programs provide children and adults with the treatment of mental illness and addiction, offering a broad scope of services for a diverse patient population. In addition to traditional therapies, The company takes a holistic approach to treatment, offering yoga, art, and recreational therapy. Its engaged and mission-driven team is dedicated to Changing People’s Lives through a patient-centric approach to delivering superior outcomes. Springstone was formed in 2010 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Medical Properties Trust - Three Connecticut Hospitals

Birmingham, Alabama, United States

Medical Properties Trust's Three Connecticut Hospitals is a provider of healthcare services.

Sell $457M
Mergr

Product

Company

Legal