Providence Hospitals Joins LifePoint Health

2/2/2016

LifePoint Health (NASDAQ: LPNT) and the Sisters of Charity Health System today announced that the acquisition of Providence Hospitals by LifePoint Health has been completed. In joining LifePoint, Providence will have access to new resources that will further enhance quality care and strengthen its ability to expand the services it provides. It also will continue to operate in a manner consistent with the identity of a Catholic hospital, as it has since its founding.

“LifePoint is thrilled to welcome the employees, physicians and volunteers at Providence Hospitals to the LifePoint family. Under the previous leadership of the Sisters of Charity Health System, Providence Hospitals established a rich legacy of providing quality care and meeting unmet healthcare needs in the Midlands,” said William F. Carpenter III, chairman and chief executive officer of LifePoint Health. “We are excited to continue the hospital’s Catholic identity and proud to be partners in writing the next chapter of Providence’s history. Together, we will advance healthcare delivery in this region and find new ways to make the communities we serve healthier.”

LifePoint and Providence will work collaboratively with local physician leaders to foster Providence’s leadership in cardiac care and orthopedics and build additional healthcare services across the region. This will include investing in the future growth of Providence and expanding the services available at its Northeast campus. In addition, LifePoint will continue Providence’s dedication to providing charity care to those in the community who cannot afford to pay for healthcare services.

“The Sisters of Charity Health System chose LifePoint as a partner for Providence Hospitals because of the company’s commitment to continuing Providence’s Catholic identity, dedication to quality care and service, and ability to help Providence grow and meet the region’s evolving healthcare needs,” said Terrence P. Kessler, president and chief executive officer of the Sisters of Charity Health System. “As part of LifePoint, Providence will have great opportunities to build on its heritage of compassionate, quality care and service to communities throughout the Midlands. We are pleased to finalize this acquisition.”

As part of LifePoint, Providence Hospitals will continue to fully be a member of the Catholic Diocese of Charleston, implementing the provisions of Catholic healthcare in all of its operations.

“Providence Hospitals has been a trusted Catholic healthcare provider in this community for more than 77 years, and I am pleased its Catholic mission and ministry will continue to be carried out in this Diocese as it joins LifePoint,” said Bishop Robert E. Guglielmone of the Diocese of Charleston. “I look forward to working with the Providence and LifePoint teams in the coming months as they work to strengthen Providence for the future and find additional ways to contribute to the health and wellbeing of people across this region.”

“The mission, values and philosophy of the Sisters of Charity of St. Augustine are truly engrained into every member of the Providence family,” said Sr. Judith Ann Karam, CSA, congregational leader and chair of the public juridic person of the Sisters of Charity Health System. “We know the healing ministry of Jesus lives on in the hands and hearts of every member of the Providence family.”

With the completion of the acquisition, Providence will become a local taxpayer, providing a new source of tax revenue to support government services, infrastructure and schools in Richland County. The company also will involve the community in the governance of the hospital through a board that includes physician and community representatives.

Effective February 1, Scott Campbell, who previously was lead administrator and transition executive at Providence Hospitals during the acquisition, has become the organization’s market chief executive officer. Phil Young, who has served as lead administrator and transition executive for the Northeast campus, has become chief executive officer of Providence Northeast.

“I’m delighted to lead the Providence team as it joins LifePoint,” said Campbell. “In the last several months, I have seen the tremendous dedication everyone at Providence has to serving their communities and caring for those who live here. We have great opportunities ahead of us to partner with LifePoint to honor Providence’s Catholic heritage, expand upon the team’s dedication, and enhance the many ways we foster the wellbeing of people of all ages throughout this region.”

LifePoint’s acquisition of Providence Hospitals has met state and other regulatory requirements as well as requirements of the Vatican and the Catholic Diocese of Charleston.

About Providence Hospitals

A part of LifePoint Health, Providence Hospitals is the leading provider of cardiovascular and orthopedic services in the Midlands. Providence is composed of two hospitals, thirteen physician practices, a network of rehabilitation centers, two sleep centers, a school of cardiac diagnostics and is an accredited chest pain center. In total, Providence employs more than 2,000 dedicated staff. Founded in 1938 by the Sisters of Charity of St. Augustine, Providence is known statewide for outstanding clinical quality and compassionate care. The Providence open-heart surgery program has ranked consistently in the top 15 percent of open heart programs for the past six and one-half years. Both the orthopedics and cardiac services have received the South Carolina BlueCross BlueShield Blue Distinction Center designation. For more information, visit www.providencehospitals.com.

About LifePoint Health

LifePoint Health (NASDAQ: LPNT) 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 22 states. It is the sole community healthcare provider in the majority of the non-urban communities it serves. More information about the company can be found at www.LifePointHealth.net. All references to "LifePoint," "LifePoint Health" or the "Company" used in this release refer to affiliates or subsidiaries of LifePoint Health, Inc.

About Sisters of Charity Health System

The Sisters of Charity Health System was established in 1982 as the parent corporation for the sponsored ministries of the Sisters of Charity of St. Augustine in Ohio and South Carolina. The Sisters of Charity of St. Augustine is a congregation of women religious that, since founding in 1851, continues a faith-based legacy of high-quality, compassionate care in partnership with its co-ministers, who are the heart and hands of the ministry.

The Sisters of Charity Health System solely owns two Catholic hospitals: St. Vincent Charity Medical Center in Cleveland, Ohio; Mercy Medical Center in Canton, Ohio. The Sisters of Charity Health System also oversees three grantmaking foundations located in Cleveland, Ohio; Canton, Ohio; and Columbia, South Carolina. Each foundation sponsors significant community initiatives and collaborations that address causes and consequences of poverty. Outreach organizations within the Sisters of Charity Health System include Joseph’s Home, a unique residential care center for homeless men in Cleveland, Ohio; Early Childhood Resource Center for people working in childcare in all settings in Canton, Ohio; Healthy Learners, a healthcare resource for children from low-income families in South Carolina; and the South Carolina Center for Fathers and Families, a state-wide organization supporting initiatives to reengage fathers in the lives of their children. The Sisters of Charity Health System also provides residential elder care services at Regina Health Center in Richfield, Ohio, and Light of Hearts Villa in Bedford, Ohio. For more information, visit www.sistersofcharityhealth.org.

Media contacts:

LifePoint Health
Michelle Augusty, 615-920-7654
Michelle.Augusty@lpnt.net

Providence Hospitals
Kelly M. Perritt, 803-256-5898
kelly.perritt@providencehospitals.com

Sisters of Charity Health System
Heather Stoll, 216-875-4615
hstoll@sistersofcharityhealth.org

Media Contact

Rebecca L. Gallant

P: 216-696-8408

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