Lifepoint Health acquired a majority ownership interest in the operating company of Springstone, a national behavioral health provider. The transaction expands Lifepoint’s behavioral health services across the nation, adding Springstone’s 18 behavioral health hospitals and 35 outpatient locations across nine states into Lifepoint’s national diversified healthcare delivery network.
Medical Properties Trust will continue to own a majority of Springstone’s real estate locations and retain a minority stake in Springstone’s operating company.
Barclays and Goldman Sachs & Co. LLC served as Lifepoint Health’s financial advisors regarding the transaction, and Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel. Bradley provided legal counsel to U.S. Behavioral Partners. Goodwin Procter and Baker Donelson PC served as legal counsel to Springstone. Read more.
