The announced merger of two major Texas health systems is October’s deal-of-the-month.
The health systems, Dallas-based Baylor Scott & White Health and Houston-based Memorial Hermann Health System, signed a letter of intent to merge Oct. 1.
The deal will create a “not-for-profit behemoth,” Hector M. Torres told Bloomberg Law. Torres, a principal with ECG Management Consultants in Chicago, counsels health-care companies and investors.
The combined entity will consist of 68 hospitals, employ more than 70,000 people, and offer access to more than 14,000 doctors across more than 1,000 care delivery sites, Torres said.
Hector Torres and Aaron Newman are members of Bloomberg Law’s Health Care Transactions Editorial Committee and contributors to the monthly column.
Reproduced with permission from Copyright 2018. The Bureau of National Affairs, Inc. (800-372-1033).