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After months of negotiation, Prisma Health and LifePoint Health withdrew from a March 2020 agreement that would have added Providence Health and KershawHealth to Prisma’s Midlands portfolio.
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 made it prohibitive to move forward, according to the release.
Moving forward, all of the hospitals remain committed to providing high-quality care across the Midlands, according to the release, including their respective ongoing leadership in supporting their communities through the ongoing COVID-19 pandemic.
The facilities in question include Columbia’s Providence Health and Providence Health Northeast, Camden’s KershawHealth and a freestanding emergency room in Fairfield County.
Apr 12, 2021
(Columbia, SC) Prisma Health will not be acquiring several regional hospitals as previously planned.
Last year, they entered into an agreement with LifePoint Health in an effort to acquire Providence Health and Providence Health Northeast in Columbia, KershawHealth in Camden, and a Fairfield County emergency room.
Prisma officials say it was in the best interests of all organizations involved to end the pursuit of the acquisition, citing a complicated regulatory process as the reason.
Prisma Health said they ve terminated the agreement to acquire multiple Midlands hospitals. Author: WLTX Updated: 2:15 PM EDT April 9, 2021
COLUMBIA, S.C. Prisma Health and Life Point Health say they are dropping their plans to let Prisma acquire several hospitals in the Midlands, including Kershaw Health and the two Providence Hospitals.
The hospital groups announced Friday they were terminating their deal.
Back in March of 2020, just before the pandemic began, Prisma Health announced an agreement to acquire Providence Health, Providence Health Northeast, Kershaw Health, and an emergency room in Fairfield County. Life Point Health owns the two Providence hospitals and Kershaw Health.
ABC Columbia
Apr 9, 2021 2:00 PM EDT
COLUMBIA, SC (WOLO)– Prisma Health will no longer move forward with plans to buyout Providence Health, Providence Health Northeast in Columbia and Kershaw Health in Camden. Prisma announced Friday they will not pursue plans to acquire those systems, in addition to a freestanding emergency room in Fairfield County.
Last March, Prisma announced plans to make the move, but now say it is terminating the buyout “due to significant delays and challenges with the federal trade commission and state regulatory authorities.”