Agreement terminated for Prisma to acquire KershawHealth & Providence

GREENVILLE, SC and BRENTWOOD, TN – Prisma Health and LifePoint Health announced on Monday that they have terminated the agreement for Prisma Health–Midlands to acquire Providence Health and Providence Health Northeast in Columbia, SC; KershawHealth in Camden, SC; and a freestanding emergency room in Fairfield County.

In a statement issued by Prisma, they entered into the agreement to pursue the acquisition in March 2020 with a shared commitment to expanding clinical services and improving the delivery of and access to healthcare across the Midlands.

While both parties say they anticipated the acquisition would have a complex regulatory path, in the statement, Prisma said significant delays and challenges with the Federal Trade Commission and state regulatory authorities have made it prohibitive to move forward.

Both companies say they continue to stand by their initial vision for this transaction. However, they say now that they have determined it is in the best interests of all organizations involved, their employees, and those they serve, to end their pursuit of this acquisition.

Moving forward, the Prisma statement said that all of the hospitals remain committed to providing high-quality care across the Midlands.

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