TEMPLE, Texas (KWTX) Baylor Scott & White Health and Memorial Hermann Health System have discontinued merger talks, the two systems announced Tuesday.
“Ultimately, we have concluded that as strong, successful organizations, we are capable of achieving our visions for the future without merging at this time,” the systems said in a joint statement.
“We have a tremendous amount of respect for each other and remain committed to strengthening our communities, advancing the health of Texans and transforming the delivery of care. We will continue to seek opportunities for collaboration as two forward-thinking, mission-driven organizations.”
The two systems announced on Oct. 1, 2018 that the boards of Baylor Scott & White Health and Memorial Herman Health System had signed a letter of intent to merge into a combined system that would have had executive and support staff based in Temple, Austin, Dallas and Houston.
The two systems combined include 68 hospital campuses, more than 1,000 care delivery sites, nearly 14,000 employed, independent and academic physicians and two health plans, the announcement said.
Together the systems account for nearly 10 million annual patient encounters, the Oct. 1 announcement said.
The two nonprofit health systems were both founded as faith-based organizations and share similar missions and values as well as “like-minded forward-thinking visions for the future,” the announcement said.