Three highlights:
1. The national credit rating agency said Columbia, S.C.-based Prisma Health plans to create an ASC in South Carolina’s Midlands region; build a regional cancer center; demolish and replace Greenville, S.C.-based Marshall I. Pickens Hospital; expand its heart hospital; and expand three emergency rooms.
2. The projects will be primarily financed through cash flow and equity, but Prisma Health-Upstate will borrow an estimated $57 million for the ambulatory care centers in fiscal year 2019, Fitch reported. It is expected to borrow an additional $200 million in fiscal year 2021 for the other initiatives.
3. In an annual report to the Greenville Health Authority, Prisma Health-Upstate said it added or expanded more than a dozen practice locations, including Seneca, S.C.-based Blue Ridge Orthopaedics, in 2018. Prisma Health-Upstate also brought 70 specialists on board, for a total of 815.
Prisma Health-Upstate declined to discuss its capital budget and future plans for physician practices with The Greenville News.
More articles on new ASC development:
HonorHealth’s 6th hospital to feature ASC, open in 2020
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25 joint venture ASCs in 2019 — State-by-state breakdown
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