Gov. McMaster denies Debt Restructure for Hospital Merger

South Carolina Governor Henry McMaster has thrown a wrench in plans for Greenville Health System and Palmetto Health’s debt restructuring as part of their new partnership. The Associated Press reports that McMaster denied their requests to approve a $1.5 billion debt restructuring. The hospitals announced in June of 2017 that they would be coming together to form the largest non-profit health care system in South Carolina, The SC Health Company. On Dec. 29, McMaster issued a letter to the CEOs of both GHS and Palmetto Health, ultimately denying approval of refinancing bond debt currently held by both health systems, which halted the merger.