Thursday, August 19, 2010

Business briefs: LifePoint deal to go forward

A Nashville bankruptcy judge this week approved a settlement agreement that allows for the sale of Sumner Regional Health Systems to Brentwood-based LifePoint Hospitals Inc. to go forward. The deal is expected to close Aug. 31.
The agreement approved by Judge Marian F. Harrison of U.S. Bankruptcy Court for Middle Tennessee was signed by the Gallatin-based Sumner Regional, Sumner County, the bond trustee and a committee of unsecured creditors. The four-hospital Sumner Regional system first disclosed its agreement to sell to LifePoint along with a bankruptcy filing in late April.


RelatedBusiness briefs: Sumner Regional Health names new CEOLifePoint beats analysts’ estimates, raises 2010 profit forecastLifePoint, Sumner Regional deal OK'dPrime Outlets to add store

Prime Outlets in Lebanon, an outlet mall, said Toys R Us Express plans to open a 4,006-square-foot store there on Friday. It joins 45 other stores at the shopping destination.


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Developing The Skill Of Qualifying BuyersBankruptcy judge approves Sumner Regional’s sale to LifePoint