Memorial Hermann to merge with Baylor Scott & White creating largest health system in Texas
Two of the biggest hospital chains in Texas announced plans Monday for a merger that would create a mega-system, stretching from Dallas to Austin to Houston, treating patients in more than 30 counties and employing more than 73,000 people across the state.
Memorial Hermann Health System, Houston's biggest nonprofit hospital chain, and Baylor Scott & White Health, the largest in Dallas, have signed a letter of intent to begin negotiations, with the goal of having a definitive agreement in place by next spring.
The proposed merger is the latest in a growing national trend, experts say.
Hospital systems have been consolidating rapidly in recent years, in part because of reforms in the health care market aimed at steering more patients to outpatient treatment and avoiding the need for costly in-hospital care.
Read more: https://www.chron.com/news/medical/article/Memorial-Hermann-to-merge-with-Baylor-Scott-13271983.php
