Mintz Advises Kindred Healthcare in Sale to LifePoint Health, Launching ScionHealth
Firm Also Represents Private Equity Firm TPG Capital in this Significant Health Care Transaction
Mintz served as health regulatory legal advisor to Kindred Healthcare, a specialty hospital company with a reputation for delivering compassionate, quality post-acute care that improves patient outcomes, and private equity firm TPG Capital, in the recently completed sale of Kindred Healthcare to LifePoint Health, a national network of hospitals, post-acute service providers, and outpatient centers. As a result of the successful transaction, ScionHealth, a new healthcare system focused on high-quality acute and post-acute hospital solutions, was launched on December 23.
Headquartered in Louisville, Kentucky, ScionHealth consists of 79 hospital campuses in 25 states – 61 long-term acute care hospitals previously owned by Kindred Healthcare, and 18 community hospital campuses and associated health systems previously owned by LifePoint. ScionHealth provides high-quality, patient-centered acute and post-acute hospital solutions. The health system is focused on driving innovation, serving its communities, and investing in people and technology to deliver compassionate patient care and excellent health outcomes.
The Mintz team that advised Kindred Healthcare and TPG was led by Managing Member of Mintz’s Washington, D.C. Office and Chair of the firm’s Health Law, Communications, Antitrust & ML Strategies Division Susan Berson and included Member and Chair of the firm’s Health Law and Health Care Enforcement Defense Practices Karen Lovitch and Associate Xavier Hardy.
Members of Mintz’s Health Law Practice bring deep industry knowledge to mergers and acquisitions and other corporate transactions. The team provides investors and businesses with sophisticated counsel to help navigate the regulatory regime, including by assessing targets’ level of compliance, identifying and complying with regulatory and contractual change of ownership requirements, and mitigating any potential legal or financial exposure. Learn more about Mintz’s health care transactional due diligence capabilities and experience here.