Brown Gibbons Lang & Company (BGL), is pleased to announce the sale of Fleming County Hospital (FCH) to LifePoint Health (NasdaqGS:LPNT). BGL served as the exclusive financial advisor to FCH in the transaction. The specific terms of the transaction were not disclosed.
Opened in 1962 as a district hospital, Flemingsburg, Kentucky-based Fleming County Hospital is a regional provider of inpatient and outpatient services to residents of Fleming and surrounding counties. FCH opened a new replacement facility in 2008 featuring private rooms, expanded operating rooms, a larger emergency department, state of the art imaging equipment, and many other improvements. The hospital employs over 260 staff members and has 52 acute care beds, 10 of which are swing beds.
Chairman Tony McGlone commented on the transaction: “The Fleming County Hospital was very appreciative to have worked with BGL. Much of the success in this transaction with LifePoint Health is owed to the hard work and determination that BGL put forth in getting the hospital deal completed.”
LifePoint Health (LifePoint) is a leading healthcare company dedicated to Making Communities Healthier®. Through its subsidiaries, it provides quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in 20 states and is the sole community healthcare provider in the majority of the non-urban communities it serves. For more information on LifePoint, please visit www.lifepointhealth.net.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Environmental & Energy Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Irvine and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.