RegionalCare Hospital Partners to Be Acquired by Funds Affiliated with Apollo Global Management

NEW YORK--(BUSINESS WIRE)-- RegionalCare Hospital Partners Inc., a Warburg Pincus portfolio company, today announced that its indirect sole stockholder, RegionalCare Hospital Partners Holdings, Inc. (together with its consolidated subsidiaries, “RegionalCare”) has signed a definitive agreement to be acquired by funds affiliated with Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”).

RegionalCare is the owner and operator of eight market-leading, non-urban hospitals located in Alabama, Arizona, Connecticut, Iowa, Montana, Ohio, and Texas.

The transaction, which is conditioned on customary regulatory reviews and approvals, is expected to close by the end of 2015. Terms of the deal were not disclosed.

Day-to-day operations at the RegionalCare’s facilities will be unaffected by the parent-company-level transaction.

“Healthcare is one of the largest and most dynamic sectors of the economy,” said Matthew Nord, a partner at Apollo. “We are excited to partner with Marty Rash and the RegionalCare team to assist them in the next chapter of the company’s growth. RegionalCare benefits from strong local market presence, a commitment to operating excellence and a dedication to the communities it serves. We look forward to working with management to continue the development and expansion of the RegionalCare platform.”

“We are excited to partner with Apollo,” said RegionalCare Chairman and CEO Marty Rash. “This significant investment will allow us to continue to expand the high quality healthcare services we provide in seven states across the country and also provide us with the financial resources required to serve new communities and regional markets. There is a tremendous need for high quality, compassionate healthcare in areas outside of urban hubs. RegionalCare exists to meet that need by partnering with local hospitals and physicians to improve access to care and expand the range of services available in local communities.”

“It has been a pleasure to work with Marty and the RegionalCare team and we wish them continued success,” said Sean Carney, Managing Director, Warburg Pincus.

UBS Investment Bank served as the exclusive financial advisor to RegionalCare. Willkie Farr & Gallagher LLP and Waller Lansden Dortch & Davis LLP served as RegionalCare’s legal advisors. Barclays and Citi served as financial advisors to Apollo. Akin Gump Strauss Hauer & Feld LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as Apollo’s legal advisors.

About RegionalCare Hospital Partners

RegionalCare Hospital Partners, founded in 2009, is an owner and operator of regional acute care facilities. With a commitment to high quality care and compassionate service, RegionalCare has quickly grown to an eight-hospital system. More information can be found at www.regionalcare.net.

About Warburg Pincus

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $35 billion in assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 14 private equity funds, which have invested more than $50 billion in over 720 companies in more than 35 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo and Shanghai. For more information please visit www.warburgpincus.com.

About Apollo

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $162 billion as of September 30, 2015 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.

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For RegionalCare:
Jeff Atwood, 615-844-9800
Jeff.Atwood@regionalcare.net
or
For Warburg Pincus:
Ed Trissel, 212-878-9288
ed.trissel@warburgpincus.com
or
Mary Zimmerman, 212-878-9207
mary.zimmerman@warburgpincus.com
or
For investor inquiries regarding Apollo:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com
or
Apollo Global Management, LLC
Noah Gunn, 212-822-0540
Investor Relations Manager
ngunn@apollolp.com
or
For media inquiries regarding Apollo:
Rubenstein Associates, Inc. for Apollo Global Management, LLC
Charles Zehren, 212-843-8590
czehren@rubenstein.com

Source: Apollo Global Management, LLC

Released November 12, 2015