Palmetto, Greenville Health systems finalize merger deal

Partnership will create new nonprofit company


Greenville Health System and Palmetto Health announced Tuesday they have finalized their partnership to create a new, nonprofit health company.

The Palmetto Health system includes Palmetto Health Tuomey in Sumter.

GHS and Palmetto Health have achieved necessary approvals ahead of schedule and have filed paperwork that allows them to begin operating as one new health company. The partnership does not change the patient-provider relationship: Patients will continue to be patients of Greenville Health System or Palmetto Health, according to the announcement.

Charles D. Beaman Jr. and Michael C. Riordan, who previously led Palmetto Health and GHS, respectively, will serve as co-CEOs of the new company and share leadership responsibilities.

"We're all focused on ensuring our community members receive the high-quality health care they need and deserve close to home, regardless of their ability to pay," Beaman said. "Both of our organizations are in strong positions, and we will build upon these foundations as we look to address challenges presented by the rapid changes in the health care industry and the ever-changing and growing needs of the communities we serve."

"Coming together will allow our organizations to continue providing vital mission-driven care for those in our communities who are most in need," Riordan said. "We have a long history of successful collaboration, and the new organization will embody a work culture that attracts, retains and develops the highest-quality team of caregivers who are committed to making South Carolina healthier."

A governing board of directors for the new company has been seated and includes: James A. Bennett, Mid-South area executive vice president, First Citizens Bank, Columbia; Craig Brown, president and owner, Greenville Drive Baseball Team, Greenville; Edward "Eddie" Duffy Jr., radiation oncologist, Tuomey Cancer Treatment Center, Sumter; Jean E. Duke, financial consultant, Columbia; Frances DeLoache Ellison, retired attorney with Haynsworth Sinkler Boyd, P.A., Greenville; George S. King Jr., executive vice president, South State Bank; Jerome "Jerry" D. Odom, PhD, distinguished professor emeritus and provost emeritus, University of South Carolina and retired executive director, USC Foundations, Columbia; Michelle B. Seaver, president of United Community Bank for Greenville County, Greenville; the Rev. Thomas E. Simmons, pastor of Reedy Fork Baptist Church, Simpsonville; James E. "Rick" Wheeler, vice president M-D MetalSource, Columbia; Richard "Dick" Wilkerson, retired chairman and president of Michelin North America, Simpsonville; Dwayne Wilson, former group president, Fluor Corp., Greenville; Charles D. "Chuck" Beaman Jr., co-CEO, Columbia; and Michael C. Riordan, co-CEO, Greenville.

A new name and graphic identity for the new company are being developed and will be announced in 2018.