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Tenet completes joint venture with Baylor Scott & White to own 5 Texas hospitals

Baylor Scott & White Health and Tenet Healthcare, both based in Dallas, have completed a joint venture to own five Texas hospitals — a deal aimed at improving population health.

Through the joint venture, the organizations will co-own the following five hospitals:

  • Centennial Medical Center (Frisco)
  • Doctors Hospital at White Rock Lake (Dallas)
  • Lake Pointe Medical Center (Rowlett)
  • Texas Regional Medical Center at Sunnyvale (Texas)
  • Baylor Scott & White Medical Center – Garland (Texas)

All of the hospitals will have Baylor Scott & White Health branding as early as this spring. Additionally, physicians, advanced practice providers and other employees of Tenet's North Texas physician group will transition to Baylor Scott & White Health's physician group HealthTexas Provider Network.

"We have already made meaningful progress in advancing population health through our physicians' participation in the Baylor Scott & White Quality Alliance, a leading local accountable care organization, and the completion of this joint venture is an important next step in coordinating top-quality, value-based care in North Texas," said Tenet Chairman and CEO Trevor Fetter.

More articles on healthcare industry transactions:

18 hospital transactions and partnerships in December
CHS to acquire majority ownership of 2 IU Health hospitals
Private equity firms make a splash in healthcare M&A

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