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LifePoint Health and Prisma Health call off acquisition deal
Modern Healthcare
Print
Prisma Health will not acquire three hospitals and a free-standing emergency department from LifePoint Health as previously agreed upon, the two companied announced Friday.
Last March, the organizations entered an agreement 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.
In January, Prisma CEO Mark O Halla said the deal faced a legal challenge related to the health system s certificate of public advantage, a tool South Carolina leaders are using to regulate the merger that formed Prisma and provided federal antitrust immunity. O Halla didn t share much detail, but said the legal challenge is currently before an appellate court. He said the health system has requested that its appeal go straight to the Supreme Court for a fast resolution.
LifePoint Health and Prisma Health end acquisition deal
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