Woods Memorial Hospital Joins LifePoint Hospitals

LifePoint Hospitals®, a leading hospital company focused on providing quality healthcare services close to home, has acquired Woods Memorial Hospital. The Etowah facility, which includes a 72-bed hospital and 88-bed nursing home, becomes LifePoint’s 56th hospital campus across the country and its 11 th facility in Tennessee. The terms of the agreement are not disclosed.

As part of the acquisition, Woods will partner with nearby Athens Regional Medical Center to strengthen regional healthcare delivery in McMinn County and surrounding areas. The hospitals, which are located just 12 miles apart, will join forces and operate as part of a common system, sharing resources and coordinating their services to enhance the healthcare provided in their communities.

“Woods Memorial is a great hospital and excellent addition to LifePoint’s facilities throughout Tennessee,” said LifePoint Chairman and Chief Executive Officer William F. Carpenter III. “By combining the top-notch talent, commitment to community and dedication to patient care that exists at Athens Regional and Woods, we have a great opportunity to improve healthcare and better serve the people in this region.”

John Workman, CEO of Athens Regional, will serve as CEO of the two-hospital system. An administrator who will oversee the day-to-day operations of Woods is being recruited and will be named soon.

“Woods Memorial and Athens Regional share a vital commitment to quality care and to our patients and neighbors in McMinn and surrounding counties,” said Workman. “Together, as part of a common system, we can better coordinate our services and partner to make our community healthier. I’m excited to bring our teams together to find ways to expand the healthcare services we can offer and strengthen and grow our operations for the future.”

LifePoint’s hospital campuses in Tennessee include Crockett Hospital in Lawrenceburg, Hillside Hospital in Pulaski, Livingston Regional Hospital in Livingston, Southern Tennessee Medical Center in Winchester, Emerald-Hodgson Hospital in Sewanee, and HighPoint Health System with four facilities in Gallatin, Trousdale and Carthage.

About Woods Memorial Hospital

Woods Memorial Hospital is a 72-bed hospital located in Etowah, Tenn. Woods Memorial provides inpatient and outpatient services, including general and orthopedic surgery, urology, geropsychiatry, wound care, and other diagnostic testing. The campus also includes McMinn Memorial Nursing Home, an 88-bed facility licensed to provide long-term and skilled nursing care.

About LifePoint Hospitals

LifePoint Hospitals ® is a leading hospital company focused on providing quality healthcare services close to home. Through its subsidiaries, LifePoint operates 56 hospital campuses in 18 states. With a mission of “Making Communities Healthier ®,” LifePoint is the sole community hospital provider in the majority of the communities it serves. More information about the company, which is headquartered in Brentwood, Tenn., can be found on its Web site, www.LifePointHospitals.com. All references to “LifePoint,” “LifePoint Hospitals” or the “Company” used in this release refer to LifePoint Hospitals, Inc. or its affiliates.

Copyright Business Wire 2010