LifePoint Acquires Sumner Regional Health for $145 Million
LifePoint Hospitals, Inc. has purchased Sumner Regional Health Systems in Nashville for $145 million and will change the name to HighPoint Health System.
The Brentwood, TN-based private hospital chain has committed $60 million in capital investments in the system's four hospitals over the next decade and will provide charity care to residents in surrounding areas and inmates of Sumner County, LifePoint said in a media release.
"Sumner Regional Health Systems is an excellent addition to LifePoint's family of hospitals. The employees and medical staff share LifePoint's mission of making communities healthier," LifePoint CEO/President William F. Carpenter III says. "We look forward to working with them to enhance the scope of services available and to find new and even better ways to provide quality healthcare close to home for the residents of these communities."
The deal is finalized amid renewed scrutiny mergers and acquisitions in the healthcare sector.
The three-market HighPoint Health System employs more than 1,300 people and serves 11 counties in northern middle Tennessee. Hospitals include the 155-bed Sumner Regional Medical Center in Gallatin, one of the largest non-government employers in Sumner County, which provides cancer treatment, cardiac care, same day surgery, orthopedics, diagnostics, women's health, home healthcare and rehabilitation services; Riverview Regional Medical Center North and South, an 88-bed medical center with campuses in Carthage; and Trousdale Medical Center, a 25-bed critical access hospital in Hartsville. All facilities are accredited by The Joint Commission.
With the acquisitions, LifePoint now operates 52 hospitals in 17 states.