LPNT Profile
LifePoint
Hospitals, Inc. (LPNT) is a healthcare services company that operates
general acute care hospitals in non-urban markets across the United
States. The company was founded in 1997 and is headquartered in
Brentwood, Tennessee.
LPNT operates 89 hospitals in 30 states,
with approximately 9,000 licensed beds. The company's hospitals offer
a range of medical services, including emergency services, surgery,
cardiology, oncology, radiology, labor and delivery, and behavioral
health. LPNT also operates physician practices in certain markets.
In addition to its hospital operations, LPNT has several joint
ventures and partnerships with other healthcare companies. These
include joint ventures with Duke University Health System, LifePoint
Health Network, and Vanderbilt University Medical Center.
LPNT
reported total revenue of $7.3 billion for the fiscal year 2020, an
increase of 3.3% compared to the previous year. The company's net
income for the year was $178 million.
LPNT has been focused on
expanding its hospital network through strategic acquisitions and
partnerships. In 2019, the company completed its acquisition of RCCH
HealthCare Partners, which added 14 hospitals to its network. LPNT has
also entered into partnerships with other healthcare companies, such
as Duke University Health System, to expand its services and
capabilities.
LPNT's stock is publicly traded on the NASDAQ
stock exchange under the ticker symbol LPNT. As of March 11, 2023, the
stock was trading at $74.12 per share, with a market capitalization of
approximately $3.0 billion. The company has paid dividends on its
common stock in the past, but did not declare a dividend in 2020 or
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