July 23, 2018 / 11:14 AM / a month ago

Buyout firm Apollo to buy LifePoint Health in $5.6 bln deal

July 23 (Reuters) - Private equity firm Apollo Global Management LLC will buy LifePoint Health Inc in a deal valued at about $5.6 billion, the U.S. hospital operator said on Monday.

LifePoint shareholders will receive $65 per share in cash, a premium of 35.7 percent to the stock’s Friday closing price.

Reuters reported on Friday that Apollo was in advanced talks to buy LifePoint. (Reporting by Tamara Mathias in Bengaluru)

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