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LifePoint, Prisma call off 3-hospital deal

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Brentwood, Tenn.-based LifePoint Health and Greenville, S.C.-based Prisma Health have terminated an agreement for Prisma to acquire three hospitals and a freestanding emergency room from LifePoint. 

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. 

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