TEMPLE (June 20, 2013)—Almost six months to the day after they announced their intent to merge, Scott & White Healthcare in Temple and the Baylor Health Care System in Dallas announced Wednesday they’ve finalized an agreement to create a $7.7 billion organization that would be the state’s largest non-for-profit health system.
The merger still requires approval from the Attorney General’s Office, Federal Trade Commission and Texas Department of Insurance.
Baylor Scott & White Health, which will be governed by a single board of directors, will include a total of 42 hospitals, more than 350 patient care sites, more than 4,000 active physicians, 34,000 employees and the Scott & White Health Plan.
Baylor Health Care System President and CEO Joel Allison will be the CEO of both the parent company based in Dallas and the service company, Baylor Scott & White Health Service, which will be Temple-based.
Scott & White CEO Dr. Robert Pryor will serve as president, COO and chief medical officer of the two companies.
"We were confident our cultures would be a good match. Our work together over the past few months has only cemented that belief," Pryor said.
"We share common values, most notably a commitment to teamwork and delivering the highest quality patient-centered care. With those intact, we have a strong foundation for success," he said.