Tag Archives: Memorial Hermann Health System

03/12/2019 Bookmark and Share Share Post
Hospitals

Why the Canceled Baylor-Memorial Merger Might Be Good For Hospital Quality and Cost

When Baylor Scott and White and Memorial Hermann announced a now-canceled merger in October, leaders on both sides of the deal spoke about how the increased scale would improve efficiency while sharing of best practices would improve the quality of care. Promises of lower prices and improved care make the merger look like a no-brainer, but numerous studies call these claims into question. A New York Times article details research that shows how a concentrated and less competitive healthcare market results in worse care for patients, especially those whose health insurance is paid for by the government. The merger would… Full Story

02/28/2019 Bookmark and Share Share Post
Hospitals

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

02/25/2019 Bookmark and Share Share Post
Hospitals

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

11/20/2018 Bookmark and Share Share Post
Hospitals

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

10/21/2018 Bookmark and Share Share Post
Hospitals

Texas Stays Busy as Mergers and Acquisitions Slow Down Nationwide in Third Quarter

While North Texas is abuzz with talk of healthcare mergers and acquisitions after Baylor Scott and White and Memorial Hermann work out the details of their merger, the country is trending down on such moves relative to last year. Health Exec reports that hospitals and health system merger and acquisitions  is slowing down, according to a study from Kaufman, Hall and Associates. The report says that just 18 transaction occurred during the third quarter of 2018, 38 percent less than the same period in 2017. There were 87 deals through this point last year, but only 68 this year. Texas’… Full Story

10/4/2018 Bookmark and Share Share Post
Hospitals

New Name and Headquarters For Baylor Scott and White, Memorial Hermann?

The short answers to those questions are 1) Yes, there will be a new name, but they don’t know what it will be just yet, and 2) There are no plans for a new combined headquarters. Dallas’s Baylor Scott and White and Houston-based Memorial Hermann have signed a letter of intent to merge, combining the two health networks into one system that will span Dallas, Houston, Austin, and Temple, accounting for $14.4 billion in revenue, according to Modern Healthcare. At a press conference Monday afternoon, four of the leaders from the two systems discussed the merger and answered questions from… Full Story

10/1/2018 Bookmark and Share Share Post
Hospitals

Officials say Baylor Scott & White, Memorial Hermann Merger Will Reduce Costs

Two of the largest nonprofit health systems in Texas have signed a letter of intent to merge into a combined entity. Baylor Scott & White Health and Memorial Hermann Health System say they are coming together to increase integrated and cost-effective healthcare that is focused on the consumer. The two systems provide care in 30 counties across the state and employ more than 73,000 Texans. They encompass 68 hospitals, more than 1,100 care delivery sites, 14,000 independent and academic physicians, two health plans, and nearly 10 million patient interactions each year. Baylor Scott & White brings 49 hospitals and 1,000 access… Full Story