2 Texas not-for-profit health care providers call off merger
HOUSTON (AP) - Two major not-for-profit health care providers in Texas have canceled plans to merge.
A statement Tuesday from Baylor Scott & White Health and Memorial Hermann Health System says the merger is off. Specifics weren't released. The statement says both companies are capable of achieving their visions for the future without merging at this time.
The companies in October announced plans to merge with a goal of improved patient care and more cost-effective services.
The two systems have about 73,000 employees in more than 30 Texas counties with 68 hospital campuses. The combined operation was expected to have executive and support staff based in Austin, Dallas, Houston and Temple.
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