The Palacios Medical Foundation (PMF) was established in 1974 as a non-profit 501(c)3 organization to assist, support and provide for the medical needs of the Palacios area community. The first act of PMF, in 1974, was to purchase a local medical clinic building in Palacios. Over the ensuing years, PMF invested over $100,000 in physician recruitment and medical education scholarships to support the clinic. In 2001 PMF purchased the Wagner General Hospital and adjacent land from the Matagorda County Hospital District. The hospital was renamed the Palacios Community Medical Center (PCMC). In 2017, a new clinic building was constructed next to the hospital. PMF leases the hospital and clinic building to the PCMC which operates and manages the facilities. PMF supports local access to quality health care by granting operating funds to PCMC, raising funds for medical equipment and facility needs for the hospital/clinic, and publishing a quarterly newsletter to increase community awareness of ongoing health services at the Palacios hospital/clinic.