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EX-3.1 - EX-3.1 - LEGACY LIFEPOINT HEALTH, INC. | g24685exv3w1.htm |
EX-99.2 - EX-99.2 - LEGACY LIFEPOINT HEALTH, INC. | g24685exv99w2.htm |
8-K - FORM 8-K - LEGACY LIFEPOINT HEALTH, INC. | g24685e8vk.htm |
Exhibit 99.1
Contact: | Jeff Sherman Executive Vice President and Chief Financial Officer (615) 372-8501 |
LIFEPOINT HOSPITALS, INC. ANNOUNCES PROPOSED OFFERING
OF $400 MILLION OF SENIOR NOTES
OF $400 MILLION OF SENIOR NOTES
Brentwood, Tennessee (September 20, 2010) LifePoint Hospitals, Inc. (NASDAQ: LPNT) announced
today its intention to sell through a private offering $400 million in aggregate principal amount
of Senior Notes due 2020. The Notes will be senior unsecured obligations of the Company and will
be guaranteed by substantially all of the Companys subsidiaries that guarantee its senior secured
credit facilities.
The Company intends to use the net proceeds of the offering to repay $249.2 million principal
amount of Term B loans outstanding under its senior secured credit facilities and for general
corporate purposes, which may include the repurchase of its outstanding common stock from time to
time pursuant to its 2010 stock repurchase plan.
The Notes and related subsidiary guarantees will be offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
Securities Act), and outside the United States pursuant to Regulation S under the Securities Act.
The Notes and the related subsidiary guarantees have not been registered under the Securities Act
and may not be offered or sold in the United States without registration or an applicable exemption
from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of Notes and related subsidiary guarantees in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.
About LifePoint Hospitals
LifePoint Hospitals, Inc. is a leading hospital company focused on providing quality
healthcare services close to home. Through its subsidiaries, LifePoint operates 52 hospital
campuses in 17 states. With a mission of Making Communities
Healthier®, LifePoint is the sole
community hospital provider in the majority of the communities it serves. All references to
LifePoint, LifePoint Hospitals, or the Company used in this release refer to LifePoint
Hospitals, Inc. or its affiliates.
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LPNT Announces Proposed Offering of $400 Million of Senior Notes
Page 2
September 20, 2010
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September 20, 2010
Important Legal Information. Certain statements contained in this release are based on
current management expectations and are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and are intended to qualify for the safe harbor protections from liability
provided by the Private Securities Litigation Reform Act of 1995. Numerous factors exist which may
cause results to differ from these expectations. Many of the factors that will determine
LifePoints future results are beyond LifePoints ability to control or predict with accuracy.
Such forward-looking statements reflect the current expectations and beliefs of the management of
LifePoint, are not guarantees of performance and are subject to a number of risks, uncertainties,
assumptions and other factors that could cause actual results to differ from those described in the
forward-looking statements. These forward-looking statements may also be subject to other risk
factors and uncertainties, including, without limitation: (i) efforts by government and commercial
third-party payors to reduce healthcare spending, including changes in the manner in which amounts
that payors reimburse healthcare provided to covered individuals, including high deductible
plans, increased co-pays and deductibles; (ii) possible changes or reductions in Medicare and
Medicaid reimbursement payments; (iii) the possibility of adverse changes in or requirements of
state and federal laws, regulations, policies and procedures applicable to the Company; (iv) the
highly competitive nature of the healthcare business, including competition from outpatient
facilities, physicians on the medical staffs of our hospitals, physician offices and facilities in
larger towns and cities; (v) our ability to recruit and retain physicians, other healthcare
professionals and management personnel; (vi) changes in the Companys operating or expansion
strategy and, if made, our ability to successfully execute such changed strategies;(vii) the
availability and terms of capital and liquidity to fund LifePoints business strategies; (viii) the
Companys substantial indebtedness and changes in interest rates, our credit ratings and the amount
or terms of our indebtedness; (ix) the ability to manage healthcare risks, including those that
could result in losses to us because we are significantly self-insured, as well as the
availability, cost and terms of insurance coverage, malpractice litigation and governmental
investigations; and (x) those other risks and uncertainties described from time to time in
LifePoints filings with the Securities and Exchange Commission. Therefore, LifePoints future
results may differ materially from those described in this release. LifePoint undertakes no
obligation to update any forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or otherwise.
All references to LifePoint, LifePoint Hospitals and the Company as used throughout this
release refer to LifePoint Hospitals, Inc. and its subsidiaries.
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