Texas Health Resources saved lots and time and energy by partnering up with Adeptus Health to expand patient access in north Texas, said Texas Health CEO Barclay Berdan in an interview Thursday.
The not-for-profit, which has 25 acute and short-stay hospitals, now is a partner in 27 free-standing emergency rooms that publicly-traded Adeptus operated under its First Choice brand and an Adeptus hospital in Carrollton, Texas, Berdan said.
They are all being rebranded as Texas Health facilities, he said.
Berdan declined to say whether Texas Health put capital and equity into the joint venture or give financial details of the deal. He did, however, say Texas Health is not consolidating the revenue and financial results of the joint venture on its books.
Typically, the majority owner in a venture claims the results.
Texas Health serves more than 7 million residents in 16 counties around the Dallas-Fort Worth area.
Berdan said the population in north Texas is growing rapidly and it made sense to collaborate with Adeptus on providing more patient access than building centers.
Adeptus will continue to manage the free-standing emergency rooms, while Texas Health will contract them into managed-care plans, Berdan said.
They also are expected to continue to be a source of patient referrals to Texas Health hospitals if hospitalization is required, he said.
The Carrollton hospital in the joint venture is 50 beds. It is among the smallest of Texas Health's hospitals, Berdan said.
Some of its largest hospitals are Texas Health Presbyterian, Texas Health Arlington Memorial, Texas Health Harris Methodist and Texas Health Huguley Hospitals.