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A proposed multi billion merger between two healthcare companies could have a big impact on the future hospital in Florence.
Private equity firm, Apollo, is buying LifePoint Health for $5.6 billion and plans on merging it with RCCH HealthCare Partners (Regional Care).
RCCH HealthCare Partners own Eliza Coffee Memorial Hospital and are the company responsible for building the $250 million North Alabama Medical Center in Florence, which will replace ECM.
Hospital officials in Florence said this possible merger will not affect the completion of the North Alabama Medical Center.
"ECM Hospital views the announcement of RCCH HealthCare Partners merging with LifePoint Health as good news. The proposed merger of LifePoint Health into RCCH HealthCare Partners will result in a company with the size, scale, and geographic diversity needed in today’s healthcare environment. The proposed transaction at the parent company level should have no impact on the ongoing delivery of high quality, compassionate care at ECM Hospital or at the soon-to-be-opened new North Alabama Medical Center," said Melissa Watkins, the communications director at the North Alabama Medical Center.
LifePoint and RCCH HealthCare Partners are both based out of Tennessee and specialize in rural healthcare.
Since this is just a proposed merger there will be documents filed with the Securities and Exchange Commission. If LifePoint and RCCH HealthCare Partners merge, together they will have a revenue of $8 billion annually. They will also have hospitals in over 30 states including the one being built in Florence, which will be open in December 2018.