The health systems will jointly own the following five organizations, with Baylor Scott & White holding a majority ownership.
- Centennial Medical Center (Frisco, Texas).
- Doctors Hospital at White Rock Lake (Dallas).
- Lake Pointe Medical Center (Rowlett, Texas).
- Texas Regional Medical Center at Sunnyvale.
- Baylor Medical Center at Garland (Texas).
All five hospitals will be part of the Baylor Scott & White brand and will adopt Baylor Scott & White’s policies related to charity care and community benefit. Each hospital will continue to be operated by its parent health system, leadership teams will remain in place and there will be few, if any, staff changes, according to a statement.
Tenet’s accountable care organization and Baylor Scott & White’s ACO also affiliated in February, increasing access to care at four hospitals, six outpatient centers and more than 170 physicians.
More articles on transactions and valuation:
Humana to sell Concentra unit for $1B
10 recent hospital partnerships and transactions
UC San Diego in partnership talks with Eisenhower Medical Center
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
