LIFEPOINT HEALTH,INC. (NASDAQ:LPNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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LIFEPOINT HEALTH,INC. (NASDAQ:LPNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 14, 2017, Paul D. Gilbert resigned as Executive Vice President and Chief Legal Officer of LifePoint Health, Inc. (the “Company”), effective as of such date, but Mr. Gilbert will remain a non-executive employee of the Company until March 31, 2017, to assist with certain transition matters.

In connection with his resignation, Mr. Gilbert entered into a voluntary separation and general release agreement with the Company. The agreement provides for (i) a release of all claims by Mr. Gilbert in favor of the Company, subject to customary exceptions, (ii) a 24 month non-solicitation covenant by Mr. Gilbert and (iii) payment by the Company to Mr. Gilbert of his base salary for 12 months and a payment equal to six months of COBRA premiums. In addition, Mr. Gilbert will be eligible to receive an annual bonus based on 2017 performance, up to a maximum of $250,000.


About LIFEPOINT HEALTH, INC. (NASDAQ:LPNT)

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc., through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds. It offers patient services at its facilities. It hospitals provide a range of medical and surgical services in hospitals in non-urban markets. Its services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services and pediatric services, and in some of its hospitals, the Company offers specialized services, such as open-heart surgery, psychiatric care and neuro-surgery. It provides outpatient services, such as same-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine and lithotripsy.

LIFEPOINT HEALTH, INC. (NASDAQ:LPNT) Recent Trading Information

LIFEPOINT HEALTH, INC. (NASDAQ:LPNT) closed its last trading session down -0.80 at 62.95 with 551,319 shares trading hands.