The organizations entered an agreement in March 2020 for Prisma Health-Midlands to acquire KershawHealth, a single-hospital system in Camden, S.C., and Providence Health, a two-hospital system based in Columbia, S.C., from LifePoint. Prisma and LifePoint announced April 9 that the deal was canceled.
“While both parties anticipated that the acquisition would have a complex regulatory path, significant delays and challenges with the Federal Trade Commission and state regulatory authorities have made it prohibitive to move forward,” the organizations said in a news release.
Prisma Health, a nonprofit system, comprises 18 hospitals and more than 300 outpatient sites. It was formed in 2019 through the merger of Greenville (S.C.) Health System and Columbia, S.C.-based Palmetto Health.
LifePoint merged with RCCH HealthCare Partners, owned by Apollo Global Management, in 2018. The company owns and operates hospitals, health systems, physician practices, outpatient centers and post-acute facilities across the country.
More articles on healthcare industry transactions:
WVU Health System grows to 16 hospitals
HCA to buy Tennessee hospital
COVID-19 spurs hospital megamergers: 5 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
