Sunday, November 28, 2021
52.6 F
Fort Worth

Baylor Scott & White, Hermann call off merger plans

🕐 1 min read

After announcing plans for a merger in October, Baylor Scott & White Health and Memorial Hermann Health System have called off the plans, the two health care providers announced Feb. 5.

“After months of thoughtful exploration, we have decided to discontinue talks of a merger between our two systems,” Dallas-based Scott & White said in a statement on their website. “Ultimately, we have concluded that as strong, successful organizations, we are capable of achieving our visions for the future without merging at this time,” the statement coninuted.

Officials with Baylor Scott & White Health and Memorial Hermann Health System in October announced their respective boards have signed a letter of intent. Financial terms weren’t released on the deal expected to be completed next year.

The systems currently have about 73,000 employees in more than 30 Texas counties with 68 hospital campuses. The combined operation, with a new name that had yet to be determined, would have had executive and support staff based in Austin, Dallas, Houston and Temple.

The health systems are active in more than 30 Texas counties, employing more than 73,000 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, according to the news release.

In Tarrant County, Baylor Scott & White has two large hospitals in Fort Worth and Grapevine, as well as several other health care facilities in the area.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate