Baylor Scott & White Health, Memorial Hermann Health System sign letter of intent to create new combined health system
In October, the boards of Baylor Scott & White Health and Memorial Hermann Health System signed a letter of intent to merge into a combined system to further strengthen communities, advance the health of Texans and transform the delivery of healthcare.
As two of the most comprehensive not-for-profit health systems in Texas, Baylor Scott & White and Memorial Hermann, both founded as faith-based organizations, share similar missions and values. Equally important, they share like-minded, forward-thinking visions for the future. This proposed combined health system is positioned to become a national model for integrated, consumer-centric, cost-effective care.
“This is about two mission-driven organizations — both committed to making safe, high-quality healthcare more convenient and affordable — building something transformative together,” said Jim Hinton, CEO, Baylor Scott & White Health. “We must lead the change in our industry, while insisting we continue to fulfill our unwavering commitments to meeting the needs of all Texans.”
The health systems serve as vibrant economic engines in more than 30 Texas counties, employing more than 73,000 people across the state. Both have strong ties to the academic medical community, and together will be positioned to expand those affiliations to advance medical training and research programs while continuing to attract and retain the very best talent.
Together, the two systems include 68 hospital campuses, more than 1,100 care delivery sites, nearly 14,000 employed, independent and academic physicians and two health plans; and they currently record nearly 10 million patient encounters annually.
With approval of the letter of intent, the two organizations have entered into a period of exclusive negotiations, due diligence and the standard regulatory review processes. The next stage in the transaction — a definitive agreement — is anticipated to be complete in 2019.
For additional details and updates, visit www.TransformingHealthTogether.com.
