Following Nixed Baylor Merger, Memorial Hermann CEO to Step Down

CEO and president of Memorial Hermann Health System Chuck Stokes will retire from the Houston-based provider at the end of the year, according to the Houston Business Journal. He has been in the position less than two years. Stokes has been with Houston’s largest nonprofit health system since 2008, serving as executive vice president and chief operating officer before he became CEO in July 2017. “I have penned many memos in my 40-year career, but none as difficult as this,” HBJ reports. “It is with bittersweet emotions and profound gratitude that today I announce my decision to retire at the… Full Story

Five Possible Reasons the Baylor Scott and White Merger Didn’t Happen

Execs from Baylor Scott and White and Memorial Hermann haven’t released any information about why they called off the merger—other than their belief that they can achieve their goals separately—leading many in the industry to speculate as to how they came to that conclusion. Allan Baumgarten, who prepares the Texas Health Market Review every two years and has extensive knowledge of the healthcare business in Texas and nationwide, indulged my speculative questioning and shared five reasons that may have been the reason the merger was eighty-sixed. The prospect of a lengthy and expensive anti-trust challenge Baumgarten says that even though… Full Story

Baylor Scott and White, Memorial Hermann “Discontinue Talks” of a Merger

Baylor Scott and White and Memorial Hermann health systems won’t be merging, according to a joint statement. In the fall, Baylor Scott and White Health announced a potential merger with Houston-area system Memorial Hermann in what would have formed the largest health provider in the state, with 68 hospitals and 73,000 employees worth over $15 billion. The two providers would have formed a contiguous coverage area that would have spanned Houston, Dallas-Fort Worth, and Central Texas. Officials said that because there was no overlap in coverage areas, the merger wouldn’t have resulted in any job cuts, and that the scale… Full Story

Pipeline Health Purchases 22 Freestanding Emergency Rooms in North Texas

California-based Pipeline Healthcare Management is partnering with Adeptus Health to purchase 22 freestanding emergency rooms in North Texas. The facilities will become licensed outpatient departments of City Hospital at White Rock and renamed City Hospital Emergency Care. Pipeline has been expanding in North Texas since its purchase of the 218-bed City Hospital at White Rock. The company is purchasing the majority stake of Texas Health Resources in the emergency rooms, according to the Dallas Morning News. “We have a successful track record of improving community healthcare through innovation and rethinking how healthcare is delivered. We’re confident our personalized approach to… Full Story

Aprima Acquired by Austin Medical Services Company

Richardson-based Aprima Medical Software has been acquired by Austin’s eMDs, Inc. Aprima provides electronic health record, practice management, and revenue cycle management to ambulatory care organizations. The deal makes eMDs a top five health services provider used by more than 63,000 providers and over 26,000 hospitals worldwide. “eMDs’ acquisition of Aprima represents an exciting growth opportunity for both of our businesses,” said Derek Pickell, eMDs CEO via statement. “The unique combination of our technologies and services prepares us to offer the most powerful and comprehensive portfolio of solutions available—and that means greater impact, increased productivity, and less operational burden for healthcare… Full Story

Attention Entrepreneurs: DFW is a Top-Three Market for Healthcare Deals

Dallas-Fort Worth was home to the third greatest number of healthcare transactions in the country according to an analysis by Mergermarket, with 73 healthcare deals between 2015 and 2018. While the number of transactions was high, their value was less than one-seventh of the top two spots. But that might not be a bad thing for North Texas healthcare entrepreneurs. Chad Watt, the natural resources editor at Mergermarket, described via email how Dallas differs from Boston and San Francisco in regard to mergers and acquisitions. “While D-FW had nearly as many deals as those two areas, the acquisitions here skewed more… Full Story

AccentCare Inc. Acquires Steward Home Care and Hospice

Steward Home Care and Hospice has been acquired by Dallas-based AccentCare Inc. as of December 31. The acquisition will not impact Steward Home Care’s services, which serve more than 14,000 patients in Massachusetts and New Hampshire. AccentCare, Inc. provides post-acute healthcare and specialized care management before acute episodes. Its services include skilled nursing, rehabilitative therapies, hospice, private duty, care management, and healthcare management services. It employs over 24,000 people in 190 locations and 2,0000 facilities. The purchase of Steward will expand AccentCare’s reach to 16 states and 110,000 patients and clients annually served. Steward Home Care and Hospice was previously owned… Full Story

Report: Texas Hospitals are Becoming Less Profitable

Hospital profits have been on the rise for years, but 2017 saw dividends down for healthcare providers in Texas, according the the Texas Health Market Review. Fewer insured individuals and HMOs that lost money were partly to blame for the losses. Allan Baumgarten has been publishing the reviews since 1998, analyzing hospital systems and insurers across Texas and other states. He looks at the impact of the Affordable Care Act and other factors that contribute to the direction of the market. He noted that young people are less likely to care about a relationship with a physician than in past… Full Story

SimplyWell Acquired by Richard Branson’s Workplace Health Company Virgin Pulse

SimplyWell, a Dallas-based workplace wellness program and one of D CEO’s Healthcare Awards Finalists, has been acquired by Virgin Pulse, the world’s largest digital health and well-being company. With the acquisition, Virgin Pulse expands its access to condition management across 22 ailments, including heart disease, diabetes, and obesity. The company hopes to expand its coaching capabilities and better serve all employees, from the healthiest to the highest risk who need the costliest support and interventions. Virgin Pulse has members in more than 190 countries and 3,300 organizations. Virgin will incorporate SimplyWell’s analytics and claims reporting capabilities, allowing them a better… Full Story

Baylor Scott and White–Memorial Hermann Merger: Can It Cut Costs?

Changes are on the way in the wake of the merger between Memorial Hermann and Baylor Scott and White, and cost savings for the consumer is one of the claims by leaders on both sides of the deal. But will the two contiguous providers eliminate redundancies and save money or use their negotiating power to drive up prices? Baylor Scott and White is the result of a merger that may provide a look at what the future of this transaction may hold in regards to cost savings. In 2013, Baylor merged with Scott and White, creating one of the largest… Full Story