(Brentwood, Tenn.) — LifePoint Health and RCCH Healthcare Partners announced Monday the health systems have signed a definitive agreement to merge to create a company with more than $8 billion in combined revenue in 2017.

Brentwood, Tenn.-based LifePoint’s shareholders will receive $65 per share in cash once the transaction is closed, resulting in a $5.6 billion purchase price, including $2.9 billion in net debt and minority interest. RCCH is owned by funds managed by affiliates of the private equity firm Apollo Global Management.

According to LifePoint Marketing Director Elizabeth Harris, the move will not affect day-to-day operations at SovahHealth Danville or at the hospital’s other operations. She said the merger is viewed as a positive move for both health care providers. LifePoint owns SovahHealth in Danville and Martinsville.

LifePoint and RCCH operate hospitals, post-acute service providers and outpatient centers. Together, they’ll have 84 non-urban hospitals in 30 states, regional health systems, physician practices, outpatient centers and post-acute service centers. The company will also have 7,000 affiliated physicians, about 60,000 employees and more than 12,000 licensed beds.

LifePoint’s current CEO, William Carpenter III, will serve as chairman and CEO of the resulting company, which will remain under the name LifePoint Health.