Capella Healthcare: RegionalCare Hospital to merge with Capella Healthcare

RegionalCare Hospital Partners and Capella Healthcare Inc are merging. Financial terms weren't announced. The new company will have 18 hospital campuses in 12 states with more than 13,000 employees, 2,000 affiliated physicians and $1.7 billion in revenues. RegionalCare is backed by Apollo Global Management. Barclays, Royal Bank of Canada, Deutsche Bank, Credit Suisse, and UBS are providing financing. Barclays served as financial advisor to RegionalCare. Akin Gump Strauss Hauer & Feld LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as RegionalCare's legal advisors. Kirkland & Ellis served as Capella's legal advisor.