Oconee Physician Practices

“As of october 1, 2014 related entity oconee medical center and the greenville health system and partners in health entered into a lease and contribution agreement to integrate the two health systems. As a result, the filing organiazation was dissolved and all asset and liabilities were distributed to ghs partners in health. The organization filed articles of dissolution which were effective on october 1, 2014. The articles of dissolution are attached to this return.”

“Oconee medical center, a nonprofit organization that operates a health system, acts as the parent organization of the filing organization by virtue of its position as sole member, and is the designee for disposition of assets from the organization upon dissolution. As the sole member, oconee medical center holds certain reserved powers delineated in the organization's bylaws as described in response to part vi, line 7b below.”

“Oconee medical center, through its board of directors' executive committee, holds the sole authority to appoint two of the organization's directors. Three additional directors served ex-officio through their positions as officers and employees of oconee medical center.”

“Pursuant to the organization's bylaws, oconee medical center retains the sole authority to oversee the healthcare services offered by the organization, require the distribution of income, assets, or proprety from, or make contributions to the organization to achieve the mutual objectives of the organization and oconee medical center, ratify or make material changes to budgets, authorize certain transactions in excess of $50,000, and direct changes to the organization's name, legal structure, management, and bylaws.”

“The return was prepared by an independent accountant with information provided by management. The oconee medical center's cfo reviewed the preparation of the form 990 and supporting documentation, and the final form 990 and all schedules and disclosures were forwarded by electronic mail to all members of the organization's board of directors for their review and comment prior to filing.”

“The conflict of interest policy applies to any director, officer, or member of senior management of the organization and requires disclosure of any direct or indirect financial interest (defined broadly in the policy) in a transaction or arrangement after disclosure or discovery of a potential conflict, the board makes a determination of whether a conflict exists without participation of the interested party. The interested person may make a presentation to the board or committee, but would be required to recuse himself/herself from a discussion of any vote on the transaction or arrangement.”

“The compensation committee of the board of directors works with outside compensation consultants to review and recommend salaries of the ceo and other officers and key employees including the coo, cfo, vps of patient care, quality and physician collaboration, hr and executive director of foundation to the full board.”

“The organization's articles of incorporation are available from the south carolina secretary of state. Other governing documents including the bylaws and operating policies such as the conflict of interest policy are, by state law, not subject to general public disclosure.”

“In addition to the hours devoted to the filing organization, the officers work a combined total of 50 hours per week for the filing organization and related organizations.”

“Elimination of intercompany payable 32,837,315. Equity transfer to greenville health system -635,691.”