MUSC annual Board of Trustees update (August 10, 2024)

CHARLESTON, S.C. (Aug.10, 2024) -The Medical University of South Carolina (MUSC) and Medical University Hospital Authority (MUHA) Board of Trustees held their regularly scheduled committee sessions and board meeting on Aug. 9 and 10.

The board elected Charles W. Schulze as the new chairman of the board of trustees and W. Melvin Brown III, M.D., as vice chairman. Mr. Schulze was elected to theMUSC Board of Trustees in 2002 as the lay representative from the 3rd Congressional District. Schulze is a former chairman of the board of trustees. Brown was elected to the board in 2018 as the medical profession representative from the 6th Congressional District.

The board voted to approve the university and health system budgets for fiscal year 2025, for a total revenue operating budget of ~$7.1 billion.

"Our growth as an academic health system has been incredible over the past several years and last year was no exception," said Patrick J. Cawley, M.D., MBA, FACHE. "We are grateful for the board's approval of the budget this year because we know it will enable us to continue to provide access to outstanding health care across South Carolina as we continue to grow."

The board also unanimously voted in support of a Purchase and Sale Agreement by the Medical University Hospital Authority for the Roper St. Francis Healthcare building and property in downtown Charleston. The sale will comprise the 900,000-square-foot hospital building; the parcel where the medical office building sits and the adjacent parking; and parking garages on Doughty and Jonathan Lucas streets.

The transaction will not be finalized until Roper St. Francis Healthcare relocates its main downtown campus to North Charleston.

"This property purchase is strategically important to MUSC, and further enables our ability to create state-of-the-art health care, research, and innovation facilities within the heart of our campus - ensuring our growth and innovation for the next 200 years and beyond. We are excited about our future and how we will continue to change what's possible for South Carolina as we reshape the future workforce, empower healthy communities and drive innovation and transformation," said David J. Cole, M.D., FACS, MUSC president.

Dr. Cole provided board members with a year in review report (FY 2024) detailing accomplishments and distinctions, including U.S. News & World Report rankings and National Cancer Institute designation for Hollings Cancer Center.

While in a bicentennial year, the organization will continue to shape health care in South Carolina and beyond through its culture of innovation and research. Additionally, the workforce growth through the expansion of critical need graduate medical education and James B. Edwards College of Dental Medicine's new Rural General Practice Residency Network will drive change.
"We are a driver for knowledge-based economy in this state. Our growth in education and the opportunities we provide our students are paramount to who we are as an institution," Cole added.

The MUSC/MUHA Board of Trustees serve as separate bodies to govern the university and hospital, normally holding two days of committee and board meetings six times a year. For more information about the Board of Trustees, visit its web page.

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