GREENVILLE — South Carolina's largest medical group, Prisma Well being, is contemplating increasing into the Volunteer State.
Blount Memorial Hospital, simply south of Knoxville in Maryville, Tennessee, has determined to affix Prisma, in line with a information launch.
The 304-bed nonprofit neighborhood hospital signed a nonbinding letter of intent with Prisma and the 2 at the moment are in negotiations, the information launch mentioned.
“Blount Memorial's board of administrators and management decided that becoming a member of a high-performing well being system was the required subsequent step to realize superior ends in affected person care, operational effectivity and development,” mentioned Prisma President and CEO Mark O'Halla. He added that the hospital was contemplating different teams however ended up selecting Prisma.
A neighborhood Tennessee newspaper studies that a part of the deal entails Prisma investing $364 million within the hospital.
Prisma, created via the merger of Palmetto Well being in Columbia and Greenville Well being System in 2017, expects Blount to formally take part late 2024.
The corporate has 18 specialty and acute care hospitals within the Upstate and Midlands, serving 1.5 million sufferers and masking 50 p.c of South Carolina.
In April, Prisma broke floor on a brand new $128 million medical park in northeast Columbia.
