Two major not-for-profit health care providers in Texas plan to merge with a goal of improved patient care and more cost-effective services.
Officials with Baylor Scott & White Health and Memorial Hermann Health System on Monday announced their respective boards have signed a letter of intent. Financial terms weren't immediately released on the deal expected to be completed next year.
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The systems currently have about 73,000 employees in more than 30 Texas counties with 68 hospital campuses. The combined operation, with a new name to be determined, would have executive and support staff based in Austin, Dallas, Houston and Temple.
The statement from Baylor Scott & White and Memorial Hermann notes both health care systems have strong ties to the academic community, for continued training and research.