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Tenet, Baylor Scott & White to sell 218-bed Texas hospital

Dallas-based Baylor Scott & White Health and Tenet Healthcare have reached a definitive agreement to sell Baylor Scott & White Medical Center-White Rock, a 218-bed hospital in Dallas, to Pipeline Health, a hospital management company based in Manhattan Beach, Calif.

Baylor Scott & White Health and Tenet co-own Baylor Scott & White Medical Center-White Rock, formerly Doctors Hospital at White Rock Lake, through a joint venture partnership finalized in 2016. The four other hospitals co-owned through the joint venture are not included in in the transaction with Pipeline.   

The parties expect to complete the sale of Baylor Scott & White Medical Center-White Rock in the first quarter of 2018. The transaction is subject to regulatory approvals and closing conditions.

More articles on healthcare industry transactions:

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Northwell Health acquires Mather Hospital
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