MUSC to double debt with 2 new hospitals

MUSC Health to double debt with two new SC hospitals

MUSC Health received approval to borrow $860 million to build hospitals in Summerville and Indian Land, doubling its long-term debt to fund growth in high-population areas. Despite prior delays, leadership cites strong borrowing capacity. The state-owned system now operates 16 hospitals across South Carolina.

MUSC to double debt with 2 new hospitals

COLUMBIA, S.C. — South Carolina’s state-affiliated hospital system can now proceed with long-delayed expansion plans into some of the Palmetto State’s fastest-growing communities, but it will more than double its debt in the process.