Tennessee-based LifePoint Health's CEO Bill Carpenter III will retire after the completion of its planned merger with RCCH HealthCare Partners.
Announced Wednesday, officials said Carpenter will be replaced by Chief Operating Officer David Dill.
The news comes just a few months after the announcement of the planned merger between LifePoint and RCCH signed an agreement to merge, forming a joint entity with a combined $8 billion in revenue.
RELATED: LifePoint Health, RCCH HealthCare Partners announce merger plans
Apollo Global Management, an investment firm that which owns RCCH, will acquire LifePoint for $5.6 billion. The acquisition value includes about $2.9 billion in debt and minority interest, according to an announcement in July.
If the deal closes as planned, officials said the joint health system will operate as LifePoint and include 84 non-urban hospitals across 30 states and regional physician practices, outpatient centers and post-acute care providers.
The unified system would also include 7,000 physicians, 16,000 employees and 24,000 licensed beds.
It was originally announced that Carpenter would become oversee the joint health system.
RELATED: LifePoint Hospitals Names William F. Carpenter III Chairman of the Board