It is a purchase of three elements: 23 physician practice sites, and they have two free-standing diagnostic imaging centers, and one free-standing reference lab, Bowling said. That was all part of the acquisition.
Bowling said that Lowcountry Medical approached Roper St. Francis after its physicians heard that the system was hiring doctors. The deal took so long because of the complexities involved in purchasing the different sitessome of which had been purchased by limited liability corporations and had been leasing them back to the practice. In all, he said about 70 to 80 different parties were involved.
Bowling added that the laboratory is set up so that it charges a wholesale price to the physicians who then bill for the tests at retail rates.
The network is also forming a 35-person physician network council that will have responsibility for policy, procedures, safety and peer review, Bowling said.
The systems main facilities are the 342-bed Roper Hospital and the 145-bed Bon Secours-St. Francis Xavier Hospital, both in Charleston. The 85-bed, $123 million Roper St. Francis Mount Pleasant Hospital is scheduled to open November 2010 in Mount Pleasant, a Charleston suburb.
What do you think? Post a comment on this article and share your opinion with other readers. Submit your letter to Modern Physician Online at [email protected]. Please be sure to include your hometown and state, along with your organization and title.