8legs: Medical university of south carolina (musc)

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MUSC Health acquires large primary care doctor group for $111M

MUSC Health is acquiring Palmetto Primary Care Physicians for $111 million to expand its primary care capacity across South Carolina.
Palmetto Primary Care Physicians is the largest independent group in the state, with 31 physicians and 95 advanced practitioners at 40 clinics.
The deal reflects a broader national trend of consolidating care into larger health systems.
MUSC Health aims to improve access as population growth increases demand for primary care.
MUSC Health CEO Patrick J. Cawley says patients often need primary care in addition to seeing specialists.
The GAO noted physicians increasingly work for hospital systems, a shift linked to better economies of scale.
The article notes potential concerns about reduced competition in health care due to consolidation.
The acquisition involves MUSC Health expanding across the Lowcountry, Midlands and Grand Strand.
The transaction was approved by MUSC Health's governing board, enabling the purchase.
The price was kept confidential until the nondisclosure agreement was lifted in March.

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