As South Carolina’s largest health system, Greenville-based Prisma Health faced limited opportunities to grow within its home state. To continue expanding, the system turned to a multistate growth strategy — but with a deliberately tight geographic footprint. That approach led to Prisma’s first out-of-state acquisition in December: Blount Memorial Hospital, a 304-bed, former county-owned facility in Maryville, Tenn. Prisma President and CEO Mark O’Halla discussed the decision during Becker’s CEO+CFO Virtual Forum, explaining how the deal fits into the system’s vision of building a geographically focused, multistate network that brings scale, resources and operational expertise without overextending leadership.
Read the full article: Why Prisma’s Next Growth Phase ‘Had to Be a Multistate Strategy,’ According to Its CEO //
Source: https://www.beckershospitalreview.com/finance/why-prismas-next-growth-phase-had-to-be-a-multistate-strategy-according-to-its-ceo/