LifePoint Health® and Springstone today announced they have entered into a definitive agreement for a subsidiary of LifePoint to acquire a majority ownership interest in the operating company of Springstone.
Springstone is a behavioral health provider with 18 hospitals and 35 outpatient locations across nine states. As part of the transaction, Medical Properties Trust will continue to own a majority of Springstone’s real estate locations and retain its current minority stake in Springstone’s operating company. Following completion of the transaction, LifePoint’s healthcare delivery network will include 62 community hospital campuses, 31 rehabilitation hospitals, 21 behavioral health hospitals, and more than 200 additional sites of care. Read more.
