Dallas-based Baylor Health Care System announced it has signed a definitive agreement to merge with Scott & White Healthcare, based in Temple, Texas, to form a new entity to be called Baylor Scott & White Health with a subsidiary service company called Baylor Scott & White Health Service.
Pending regulatory review, the deal should close by the end of this year, headquartering the parent company in Dallas and the service company in Temple. Current Baylor President and CEO Joel Allison will become the CEO of the new health system and its service company. Scott & White President and CEO Robert Pryor, MD, will be the president, COO and CMO of the parent company and president of the service company. Baylor's current COO Gary Block will add president to his title at Baylor.
Eight representatives from each former system will comprise the 16-member board of Baylor Scott & White Health, with Drayton McLane Jr., current chair of Scott & White's board, chairing the new board. Baylor Board Chair Jim Turner will be chair-elect.
The $7.7 billion transaction, if approved, would combine the organizations' 43 hospitals, 6,000 physicians and the Scott & White Health Plan under one umbrella.
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