LifePoint Hospitals acquiring Province Healthcare

Monday, August 16, 2004 at 1:00am

Posted: Aug. 16, 12:03 p.m. CT
LifePoint Hospitals Inc. is acquiring Province Healthcare Co. in a deal valued at $1.7 billion. Both publicly traded companies are located in Brentwood.

The transaction will consist of $1.13 billion in cash and stock. The remainder of the sale price will come from debt assumption.

The purchase price of Province stock is set at $22.66 a share, which is a 66 percent premium based on Friday

Filed under: City Business