Prisma Health terminates acquisition of Midlands health facilities

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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.

LifePoint Health is a national health care company that provides inpatient, outpatient and post-acute services through its operation of community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities, according to the release.