Houston Chronicle by Todd Ackerman 10/1/2018
Memorial Hermann Health System and Baylor Scott & White Health, the state's largest not-for-profit system, have signed a letter of intent to merge, the institutions announced Monday.
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.
"This is an opportunity for two progressive, like-minded organizations, who do similar service, to come together and provide a better model of health care," said Chuck Stokes, Memorial Hermann's president and CEO. "Through this combined system, we can reinvent health care to be more consumer-centric and technology-focused."
Jim Hinton, the current CEO of Baylor Scott & White, said the institutions hope to have a definitive agreement completed in the spring and for the new system operations to commence July 1. They are currently in exclusive negotiations, conducting due diligence.
More:
https://www.chron.com/news/medical/article/Memorial-Hermann-to-merge-with-Baylor-Scott-13271983.php
