IRVING, Texas-Irving Healthcare System, a 191-bed hospital, has completed its agreement to become a subsidiary of Dallas-based Baylor Health Care System. The deal includes a 20-year lease of Irving, which retains its name. The deal is contingent on refinancing Irving's $41 million in tax-exempt bonds. Baylor owns six hospitals and has affiliations with two others. Irving's board chose Baylor last August. Irving President Michael O'Keefe said Baylor "demonstrated a mission similar to ours, an outstanding vision for the future and the resources neces-sary to become the largest healthcare network in the Dallas/Fort Worth area."
DALLAS-Care Alliance of the Southwest has been formed by 20 hospitals and 3,500 physicians in north Texas. Most of the hospitals in the alliance are members of VHA Southwest, a regional healthcare system that's part of Irving, Texas-based VHA. The alliance is an independent company that will contract with managed-care organizations and employers for capitated and noncapitated reimbursement. VHA Southwest will manage the alliance's business functions. Marsha Ballard, co-founder of Sweetwater Health Enterprises, was named the alliance's interim chief executive officer. Sweetwater is a Dallas-based consulting firm.