DLP Healthcare Acquires Operations of MedCath Partners

Acquisition Adds Innovative Cardiology Services to Growing DLP Healthcare Network

DURHAM, N.C. & BRENTWOOD, Tenn.--(BUSINESS WIRE)-- DLP Healthcare, LLC, a joint venture of Duke University Health System and LifePoint Hospitals®, today announced that it has acquired the North Carolina cardiac catheterization operations of MedCath Partners, LLC, an affiliate of MedCath Corporation. The acquired assets will be operated by DLP Cardiac Partners, which will provide cardiac catheterization services across the state of North Carolina, including hospital-based catheterization labs and mobile catheterization services.

“DLP Healthcare was created to work collaboratively with communities, physicians and hospitals to optimize the availability of innovative healthcare services locally,” said Molly O’Neill, Duke University Health System Vice President for Business Development and Chief Strategic Planning Officer, and DLP Healthcare board member. “In collaboration with the cardiovascular disease leadership at Duke, these cardiac catheterization assets will allow us to strengthen cardiology care across North Carolina and continue to bring high tech cardiac catheterization services to patients in community hospitals across the state.”

Through this acquisition, DLP Cardiac Partners takes ownership of six permanent and three mobile cardiac catheterization laboratories. Nine associated Certificate of Need exemptions have been transferred to DLP Cardiac Partners.

“We are pleased to add these specialized capabilities to the DLP Healthcare network, which we believe are very complementary to our mission,” said Jone Koford, LifePoint President of Strategic Growth and Development and Senior Vice President of DLP Healthcare. “As an operator of non-urban facilities, we understand the importance of being able to provide quality healthcare and specialized services to patients close to their homes. Having these capabilities will further differentiate DLP Healthcare in the marketplace. We look forward to working with Executive Director Todd Williamson and his talented team as they become part of DLP Cardiac Partners.”

About DLP Healthcare

DLP Healthcare, LLC, a joint venture of Duke University Health System and LifePoint Hospitals® (NASDAQ: LPNT), was established to build a dynamic network of hospitals and other healthcare service providers in North Carolina and the surrounding areas. The joint venture, which brings together LifePoint's experience and commitment to community-based hospital management and Duke's world-renowned leadership in clinical service, is strengthening and improving healthcare delivery by providing community hospitals the clinical, quality and operational resources they need to grow and prosper. For additional information, visit www.dlphealthcare.com.



CONTACT:

DLP Healthcare, LLC
Diane Huggins, 615-565-1817
[email protected]

KEYWORDS:   United States  North America  North Carolina  Tennessee

INDUSTRY KEYWORDS:   Health  Cardiology  Hospitals  Medical Devices  Other Health  Medical Supplies  General Health

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