Baylor Scott & White Health and Tenet Healthcare Corporation (NYSE:THC) have completed the previously announced joint venture to own five hospitals in North Texas. The facilities included are Centennial Medical Center in Frisco, Doctors Hospital at White Rock Lake in Dallas, Lake Pointe Medical Center in Rowlett, Texas Regional Medical Center at Sunnyvale and Baylor Scott & White Medical Center – Garland.
"Together, we will advance and strengthen the population health model in the greater Dallas area by creating a strong network to improve the wellbeing of people in our communities," said Joel Allison, CEO of Baylor Scott & White Health.
Centennial Medical Center, Doctors Hospital at White Rock Lake, Lake Pointe Medical Center and Texas Regional Medical Center at Sunnyvale will transition to Baylor Scott & White Health branding as early as the spring of 2016. Additionally, physicians, advanced practice providers and other employees of Tenet's North Texas physician group will transition to Baylor Scott & White Health's physician group, HealthTexas Provider Network (HTPN).
"We have already made meaningful progress in advancing population health through our physicians' participation in the Baylor Scott & White Quality Alliance, a leading local accountable care organization, and the completion of this joint venture is an important next step in coordinating top-quality, value-based care in North Texas," said Trevor Fetter, chairman and CEO of Tenet Healthcare.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare services company with more than 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International (USPI), the company operates 84 general acute care hospitals, 20 short-stay surgical hospitals and over 470 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet's Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks (IDN), physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.
The terms "THC", "Tenet Healthcare Corporation", "the company", "we", "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.
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Tenet uses its company website to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.
About Baylor Scott & White Health
As the largest not-for-profit health system in the state of Texas, Baylor Scott & White promotes the health and well-being of every individual, family and community it serves. It is committed to making quality care more accessible, convenient and affordable through its integrated delivery network, which includes the Baylor Scott & White Health Plan, Baylor Scott & White Research Institute, the Baylor Scott & White Quality Alliance and its leading digital health platform – MyBSWHealth. Through 51 hospitals and more than 1,200 access points, including flagship academic medical centers in Dallas, Fort Worth and Temple, the system offers the full continuum of care, from primary to award-winning specialty care. Founded as a Christian ministry of healing more than a century ago, Baylor Scott & White today serves more than three million Texans. For more information, visit: BSWHealth.com