Business

LifePoint to sell recently acquired facilities

NEWS IN BRIEF — Posted Oct. 16, 2006

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LifePoint Hospitals has announced plans to sell two of four hospitals it bought from Nashville, Tenn.-based HCA a few months earlier.

The Brentwood, Tenn.-based hospital operator announced on Sept. 15 that it reached definitive agreements to sell the 325-bed St. Joseph's Hospital in Parkersburg, W. Va., to Signature Hospital Corp. of Dallas and the 155-bed Saint Francis Hospital in Charleston, W. Va., to the Herbert J. Thomas Memorial Hospital Assn. of South Charleston, W. Va.

Terms of the deals were not disclosed. Proceeds from the sales were slated to be used to pay down company debts.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/10/16/bibf1016.htm.

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