Lifepoint Health
Founded Year
1999Stage
Unattributed | AliveTotal Raised
$530KLast Raised
$530K | 1 yr agoRevenue
$0000About Lifepoint Health
LifePoint Health offers healthcare-related services. It offers 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 several states. The company was founded in 1999 and is based in Brentwood, Tennessee.
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Research containing Lifepoint Health
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CB Insights Intelligence Analysts have mentioned Lifepoint Health in 1 CB Insights research brief, most recently on Dec 16, 2021.
Latest Lifepoint Health News
Apr 1, 2023
by Published on: April 1, 2023 Several executives and administrators have been laid off at MUSC Health University Medical Center ‘s Midlands division following a $40 million budget shortfall in the first half of the fiscal year. The exact number of employees laid off is not yet known, according to MUSC spokesperson Heather Woolwine on Friday. The layoffs occurred at three of MUSC’s four Midlands locations: two hospitals in Columbia and one in Camden. According to Woolwine, the layoffs did not affect medical personnel such as doctors and nurses. During MUSC’s February board meeting, a budget report detailing losses was released. According to Woolwine, layoffs began in the second week of March. In addition to the layoffs, division CEO Terry Gunn resigned on February 24. Woolwine said she couldn’t go into detail about why he resigned. Tom Crawford, formerly the system chief operating officer at MUSC Health, has been named interim CEO of the Midlands Division. The Post and Courier was the first to report the layoffs on Friday. In 2021, MUSC paid $75 million to LifePoint Health, a for-profit health network based in Tennessee, for four struggling hospitals in the Midlands. The properties, which include the former Providence Hospital on Forest Drive near downtown Columbia and an associated facility in northeast Columbia, the former KershawHealth hospital in Camden, and a freestanding emergency room in Fairfield County, are expected to cost MUSC nearly $150 million. There were no layoffs at the Fairfield facility this month. When you acquire facilities like this, they were having some pretty significant financial struggles,” Woolwine explained. “Time is required. MUSC does not expect the LifePoint Health facilities to be profitable until around 2024. Layoffs were part of a strategy to meet margins faster, which included efforts to reduce operational costs, improve workflow, and introduce new technology, according to Woolwine. Was this article helpful? Why not share with others: Related stories
Lifepoint Health Frequently Asked Questions (FAQ)
When was Lifepoint Health founded?
Lifepoint Health was founded in 1999.
Where is Lifepoint Health's headquarters?
Lifepoint Health's headquarters is located at 330 Seven Springs Way, Brentwood.
What is Lifepoint Health's latest funding round?
Lifepoint Health's latest funding round is Unattributed.
How much did Lifepoint Health raise?
Lifepoint Health raised a total of $530K.
Who are the investors of Lifepoint Health?
Investors of Lifepoint Health include Apollo Global Management.
Who are Lifepoint Health's competitors?
Competitors of Lifepoint Health include Envision Healthcare and 2 more.
Compare Lifepoint Health to Competitors
Envision Healthcare (NYSE: EVHC) is a provider of physician-led services, ambulatory surgery center management, post-acute care, and medical transportation. Physician-led services include leadership positions in emergency department and hospitalist services, anesthesiology, radiology, and women's / children's services, as well as offerings in general surgery and office-based medicine. The company offers a broad range of clinically-based and coordinated care solutions across the patient continuum, from medical transportation to hospital encounters to comprehensive care alternatives in various settings. Envision markets its services on a stand-alone, multi-service, and integrated basis, primarily under the EmCare and AMR brands.
St. Mary’s Regional Medical Center provides inpatient and outpatient services including cardiology, neurology, rehabilitation and emergency medicine. It is based in King of Prussia, Pennsylvania.
NMC Healthcare is one of the largest healthcare providers in the private sector in the UAE. It has two main business: Healthcare (operates hospitals, surgery centers, and pharmacies) and NMC Trading (distribution of pharmaceuticals, food, veterinary and education products).
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