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For-profit hospital chain buys 2 nonprofit facilities

NEWS IN BRIEF — Posted May 17, 2010

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LifePoint Hospitals, a publicly traded, for-profit chain, has announced the acquisition of nonprofit facilities in the South.

The Nashville, Tenn.-based company said in May that it had purchased Clark Regional Medical Center in Winchester, Ky., for an undisclosed price. The company said it would replace the 100-bed facility with a new, $60 million complex.

LifePoint also has a $145 million purchase pending in Tennessee. It bought Gallatin, Tenn.-based Sumner Regional Health Systems, whose flagship is a 155-bed hospital. Sumner filed for Chapter 11 bankruptcy protection on April 30, so the sale is subject to court approval. LifePoint said that if it wins approval, the purchase will close by summer. It also expects to invest $60 million over the next 10 years in capital spending for Sumner.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2010/05/17/bibf0517.htm.

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