Tenet Healthcare Corp. and Baylor Scott & White have closed on a deal to co-own five hospitals in northern Texas.
Dallas-based Baylor has become the majority owner of Centennial Medical Center in Frisco, Doctors Hospital at White Rock Lake in Dallas, Lake
Point Medical Center in Rowlett, Texas Regional Medical Center at Sunnyvale and Baylor Scott & White Medical Center-Garland. Four of the hospitals are owned by Tenet. The facilities will operate under the Baylor Scott & White brand.
The deal is the latest in a slew of partnerships that Tenet has forged with not-for-profit health systems to jointly own and operate hospitals as it seeks to form integrated delivery networks in core markets. —Michael Sandler