The Directors at Bell Hospital announced today that it has signed an agreement to be acquired by LifePoint Hospitals. The said deal is subjected for review by the Attorney General of Michigan.

Robert DellAngelo, Chairman of the Bell Hospital board said that the healthcare provider is pleased with the agreement. He added that they are looking forward to taking the next step in the acquisition process. The purchase offers great opportunities for the hospital to grow and provide better patient services, DellAngelo said.

Bell would have access to financial, clinical and operational resources and support after becoming a LifePoint hospital. This will improve quality care, reduce operational cost and recruit and retain doctors. It will also give the company new opportunities for its workers and invest in the latest facility upgrade.

LifePoint has committed in providing US$5 million capital investment at Bell over the next decade. The net proceeds from the purchase will be used to eliminate the debt incurred by Bell. The remaining US$1 million will be used to fund a charitable foundation to support community needs.