MUSC completes purchase of hospitals see more
Providence Health is no more in the Capital City.
The hospital, originally founded by the Catholic Sister of Charity, is now state-owned MUSC Health Columbia Medical Center, following the finalization of its purchase by MUSC Health University Medical Center.
With the $75 million purchase South Carolina’s second-largest hospital system added Providence’s downtown and northeast facilities to its fleet of care centers around the state, as well as the former KershawHealth hospital in Camden — now known as MUSC Health Kershaw Medical Center — and the emergency room in Fairfield County — now known as MUSC Health Fairfield Emergency and Imaging.
The hospitals were previously owned by Tennessee-based for-profit LifePoint Health.
All of LifePoint’s existing 2,000 employees were offered to remain on staff under the new ownership, said MUSC Health CEO Dr. Pat Cawley said.
The deal takes MUSC to more than 2,000 beds and 19,000 employees across the state.
Buying Providence Health is the latest in MUSC’s major expansion outside of its Charleston base where it had been contained for nearly 200 years before it branched outside the area for the first time with the acquisition of four community hospitals in 2019. The public, nonprofit health system receives financial support out of the state budget.
The deal comes months after Prisma Health, the state’s largest health care system terminated its own agreement to purchase LifePoint’s facilities. Prisma, which operates three major hospitals in Columbia, abandoned its efforts April 9 after it was plagued for more than a year by legal and regulatory challenges.
Had the purchase been finalized, it would have taken the Columbia area down to two hospital systems — Prisma and Lexington Medical Center. And it would have made the state’s largest system even larger.
Hospitals are currently part of LifePoint Health see more
During the June meeting, the Medical University of South Carolina (MUSC) and Medical University Hospital Authority (MUHA) Board of Trustees voted to purchase Providence Health and KershawHealth, which are currently part of LifePoint Health. The acquisition will include three community hospitals, a freestanding emergency department (FSED) and affiliated physician practice locations serving communities in the Midlands.
Providence Health serves Columbia, S.C., and the surrounding region, with two full-service hospitals and a freestanding emergency room. KershawHealth is a full-service medical center located in Camden, S.C., which has been an affiliate of MUSC Health since 2015.
“This is an exciting day for MUSC and for the state as we continue to develop our network with the acquisition of these health care facilities and establish a larger footprint in rural and underserved counties,” said David J. Cole, M.D., FACS, MUSC president. “As the state’s only comprehensive academic health system, we understand that we have a responsibility to enable better access to complex, high-end care while working to facilitate the best-quality local care possible. This acquisition will broaden our ability to serve greater numbers of patients, families and communities and that is a reason to celebrate,” Cole stated.
“MUSC has tremendous potential to meet the growing needs of patients and families around our state. That is why we are excited about today’s announcement. As the only comprehensive health sciences facility in the state, with an unmatched record of patient care and meaningful research, MUSC has the unique capacity to improve health outcomes for those it serves,” said James Lemon, D.M.D., chairman of the MUSC board.
“We are excited about the prospect of joining MUSC Health,” said Terry Gunn, market chief executive officer of Providence Health and KershawHealth. “Our objective is and has always been positioning our facilities for success so that we can fulfill our purpose of delivering high-quality care close to home. Aligning Providence and Kershaw with a preeminent regional academic health system will benefit our employees, providers and community, giving us new opportunities to change what’s possible in health care for our region.”
“This acquisition has the potential to be transformative for the Midlands and state,” said Patrick J. Cawley, M.D., MUSC Health CEO and vice president for Health Affairs, University. “Our team looks forward to welcoming the patients, families and employees of Providence Health and KershawHealth to the MUSC Health network. We cannot wait to move forward, connecting our education, research and comprehensive health care mission to the three hospitals in Columbia and Camden as well as the freestanding emergency department in Winnsboro and the affiliated practice locations across the Midlands.”
MUSC Health anticipates hiring all active employees in good standing at compensation levels generally consistent with current rates and fair market value. MUSC team members will meet with the administrators at each of the facilities to determine staffing and needs, with the intent to make operations as efficient and successful as possible, maximizing value to patients, families and their respective communities.
“MUSC Health has existing relationships with several of these facilities through our longstanding affiliate network,” Cawley explained. “Incorporating them into our regional hospital network is another step toward fulfilling MUSC’s charge: to provide the right care in the right place at the right time to every patient and family that we encounter. This acquisition supports these efforts by increasing the reach of our network, enhancing our ability to deliver the highest- quality care at maximum efficiency as well as greater value for more communities statewide. We are excited to be fully integrated now with KershawHealth and will continue to work with our present partners and affiliates in the Midlands region to increase health care access and improve health outcomes.”
Terms of the transaction have not yet been disclosed. The transaction can only be finalized after review and approval by the State Fiscal Accountability Authority, which provides fiscal oversight for the state and meets the public sector needs by delivering quality, cost-effective insurance, procurement and engineering services. In addition, other customary regulatory reviews must also be completed.
The MUSC/MUHA Board of Trustees serve as separate bodies to govern the university and hospital. For more information about the MUSC Board of Trustees, visit http://academicdepartments.musc.edu/leadership/board/index.html.
About The Medical University of South Carolina
Founded in 1824 in Charleston, MUSC is the oldest medical school in the South as well as the state’s only integrated academic health sciences center, with a unique charge to serve the state through education, research and patient care. Each year, MUSC educates and trains more than 3,000 students and nearly 800 residents in six colleges: Dental Medicine, Graduate Studies, Health Professions, Medicine, Nursing and Pharmacy. MUSC brought in more than $271 million in biomedical research funds in fiscal year 2020, continuing to lead the state in obtaining National Institutes of Health funding, with more than $129.9 million. For information on academic programs, visit musc.edu.
As the clinical health system of the Medical University of South Carolina, MUSC Health is dedicated to delivering the highest-quality patient care available while training generations of competent, compassionate health care providers to serve the people of South Carolina and beyond. Comprising some 1,600 beds, more than 100 outreach sites, the MUSC College of Medicine, the physicians’ practice plan and nearly 325 telehealth locations, MUSC Health owns and operates eight hospitals situated in Charleston, Chester, Florence, Lancaster and Marion counties. In 2020, for the sixth consecutive year, U.S. News & World Report named MUSC Health the No. 1 hospital in South Carolina. To learn more about clinical patient services, visit muschealth.org.
MUSC and its affiliates have collective annual budgets of $3.4 billion. The more than 17,000 MUSC team members include world-class faculty, physicians, specialty providers and scientists who deliver groundbreaking education, research, technology and patient care.
About Providence Health
Providence Health is one of the top-rated health systems in Columbia, SC. In total, Providence employs more than 1,800 dedicated staff. Founded in 1938 by the Sisters of Charity of St. Augustine, Providence is known statewide for outstanding clinical quality and compassionate care. The Centers for Medicare & Medicaid services awarded Providence Health a 4-star rating. The Providence open heart surgery program has consistently ranked in the top 15 percent of open heart programs in the nation. Both orthopedics and cardiac services have received the South Carolina BlueCross BlueShield Blue Distinction Center designation. For more information, visit YourProvidenceHealth.com.
Founded in 1913 as Camden Hospital, KershawHealth is a full-service healthcare system proudly serving its community members in Kershaw County. KershawHealth is a 119-bed medical center and a 20-bed geriatric psychiatric unit. KershawHealth employs more than 700 dedicated staff. For more information, visit www.KershawHealth.org.
About LifePoint Health
LifePoint Health is a leading healthcare company dedicated to Making Communities Healthier®. Through its subsidiaries, it provides quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across the country. More information about the company can be found at www.LifePointHealth.net.
Prisma Health acquires two hospitals in South Carolina see more
Prisma Health-Midlands will acquire two Midlands health systems through an agreement announced Thursday. The 1.2 million-patient healthcare provider, headquartered in Greenville, has
purchased LifePoint Health’s Camden-based KershawHealth and Columbia’s Providence Health systems with plans to extend its Midlands network.
“We are delighted at the prospect of welcoming the Providence and KershawHealth teams to the Prisma Health family,” Mark O’Halla, president and chief executive officer of Prisma Health, said in a news release. “Providence and KershawHealth are known to share our commitment to improving patient experiences, clinical quality and access to care. We look forward to continuing our mutual goal of enhancing the health of our communities.”
Terms of the acquisition were not disclosed.
Through integration of KershawHealth and Providence Health, Prisma Health plans to target clinical expansion in areas including pediatric, orthopedic, women’s health and cardiovascular care, according to the release.
Providence Health will bring two hospitals, a freestanding emergency room, sleep centers, cardiac rehab facilities, outpatient therapy centers and a number of network practices into Prisma’s fold, the release said. Kershaw Health serves four cities through its Camden medical center, Elgin outpatient and urgent care center, West Wateree Medical Complex, sleep diagnostics center and therapy facility, now operated by Prisma Health.
“Ensuring that we maintain access to healthcare in South Carolina’s rural communities has been a priority of my administration, but we’ve always known that the private sector would be our most important partners in reaching that goal,” Gov. Henry McMaster said in the release. “This proposed acquisition would provide new opportunities to enhance clinical quality and improve access to affordable care for patients in the Midlands and beyond, but it also shows that Prisma Health is committed to the communities it serves, and for that, we should all be grateful.”
Source: GSA Business Report