Dallas-based Baylor Scott & White Health and Surgery Partners — an ASC management group — have entered into a joint venture to co-own The Physicians Centre Hospital, a 16-bed, physician-owned surgical facility in Bryan, Texas.
The agreement gives Baylor Scott & White an ownership stake alongside Brentwood, Tenn.-based Surgery Partners and the hospital’s existing physician investors, according to a Dec. 8 news release.
Leaders at the organizations described the deal as a strategic move to expand access to surgical care amid population growth in the Brazos Valley region.
“The new joint venture integrates our patient-centric hospital with one of the nation’s most respected health systems and provides the opportunity to serve additional patients, attract new physician partners and broaden our breadth and depth of services,” Jennifer Baldock, executive vice president at Surgery Partners, said in a news release.
The hospital, which will transition to the Baylor Scott & White name, offers a range of surgical specialties and will continue to be managed by Surgery Partners.
Financial terms of the deal were not disclosed.
