Accipiter Nominates LifePoint Directors

The investment firm seeks to add three of its picks to the hospital operator's board.
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LifePoint Hospitals

(LPNT)

shareholder Accipiter Capital Management said Tuesday that it is seeking to nominate three directors to the hospital operator's board.

The announcement came after LifePoint said that it was in talks to modify its purchase agreement with

HCA

(HCA) - Get Report

to acquire four hospitals in West Virginia and one in Virginia on March 31. Shareholders had earlier rejected the $330 million deal.

Accipiter, a private investment management firm, owns about 900,000 shares of LifePoint and has lobbied for the company to scrap the HCA transaction.

Accipiter nominated Earl P. Holland, Mohsin Meghji and Nicole Viglucci to LifePoint's board.

The company said that Holland served last as the chief operating officer and vice chairman of

Health Management Associates

(HMA)

, a hospital company. Meghji is a principal and cofounder of Loughlin Meghji + Co., a financial advisory firm, while Viglucci is a health care analyst at Accipiter.

In response to Accipiter's letter, LifePoint said that all nominations to its board were due by Feb. 16. The company also said it will respond to Accipiter's March 24 letter, which advised against the HCA deal, in "due course."

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