On October 26th, LifePoint Health and Kindred Healthcare announced plans to establish a new healthcare company operating under the name ScionHealth upon closing of their previously announced transaction.
Established in 1999, LifePoint Health is a leading healthcare company dedicated to its mission of Making Communities Healthier®. Through its subsidiaries, the company provides quality inpatient, outpatient and post-acute services close to home. Headquartered in Brentwood, Tennessee, LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across 29 states.
Louisville, Kentucky-based Kindred Healthcare is the nation’s leading specialty hospital company that operates long-term acute-care hospitals and provides rehabilitation and behavioral health services to the most medically complex patients across the United States.
In June 2021, LifePoint announced that it would acquire Kindred, bringing together LifePoint’s national network of community-based hospitals, providers and access points with Kindred’s expertise in delivering long-term acute care, rehabilitation services and behavioral health services. The combined company will be better positioned to respond more comprehensively to the needs of patients across the healthcare continuum, guided by LifePoint’s commitment to quality and compliance.
“In forming two companies with unique areas of focus, LifePoint Health and ScionHealth can improve access to quality care, create more opportunities for our employees and invest in our communities,” said David Dill, President and CEO of LifePoint.
At the close of the transaction, LifePoint will combine its more than 65 hospital campuses as well as its network of physician practices and outpatient centers with Kindred’s rehabilitation and behavioral health businesses. The newly formed company, ScionHealth, will consist of 79 hospitals campuses across 25 states, including Kindred’s 61 long-term acute care hospitals and 18 of LifePoint’s community hospitals and associated health systems, forming a strong and cohesive system with unique and compelling opportunities for growth. The acquisition of Kindred and the launch of ScionHealth are expected to complete by the end of 2021.
