October 27, 2021 – LifePoint Health and Kindred Healthcare announced plans to establish a new healthcare company operating under the name ScionHealth upon closing of their previously announced transaction.
Headquartered in Louisville, ScionHealth will consist of 79 hospital campuses in 25 states, including Kindred’s 61 long-term acute care hospitals and 18 of LifePoint’s community hospitals and associated health systems.
ScionHealth will be led by a management team drawing from both LifePoint and Kindred. Rob Jay, current EVP of integrated operations at LifePoint, will serve as CEO of ScionHealth.
At the close of the transaction, LifePoint will combine its 65+ remaining hospital campuses as well as its network of physician practices and outpatient centers with Kindred’s rehabilitation and behavioral health businesses.
LifePoint will continue to be headquartered in Nashville, and David Dill will remain its president and CEO.
LifePoint and ScionHealth will both be well capitalized businesses focused on growth and grounded in commitments to outstanding patient care and quality outcomes. The companies will have separate leadership and boards of directors.
Each ScionHealth hospital will operate under the same name it does today.
Upon the completion of regulatory approvals and satisfaction of customary closing conditions, the acquisition of Kindred and the launch of ScionHealth are expected to be completed by the end of the year.