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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