A PYMNTS Company

US: Texan Health giants unite in US$14b deal

By  |  October 1, 2018

Memorial Hermann Health System and Baylor Scott & White Health, Texas’ largest not-for-profit system—have signed a letter of intent to merge, the institutions announced Monday, October 1.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The merger would create a mega-system stretching from Dallas to Austin to Houston, treating patients in more than 30 Texas counties and employing more than 73,000 people across the state, reported the Wall Street Journal.

    The combination would be among the largest US systems by number of hospitals, with annual revenue of more than US$14 billion, reported the Journal.

    “The means is to create economies” of scale, said Baylor Scott & White Chief Executive Jim Hinton. “The end, the more important end, is to improve care and invest in digital and ambulatory and other modes of care.”

    Mr. Hinton would be named CEO following the merger, which could close as soon as July 2019.

    Full Content: The Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.