LifePoint Hospitals finalizes joint venture with Fauquier Health

theflyonthewall.com

The Fauquier Health board of directors and LifePoint Hospitals have finalized their joint venture agreement to share ownership and operation of Fauquier Health. The joint venture will bring $52.8M in capital investments to Fauquier Health over the next 10 years and provide more than $100M to fund a charitable foundation to support crucial community needs. As part of the final agreement, LifePoint will own 80% of the newly formed joint venture, and Fauquier Health and the Warrenton community will retain 20% ownership. Governance of Fauquier Health will be equally shared between Fauquier Health and LifePoint, and a board with equal representation from both entities is being established to ensure that the community has an active voice in the Fauquier Health’s future.

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