Memorial Hermann Health System and Baylor Scott & White announced Tuesday the merger is off.
The two health systems made their plan to combine forces public in October of 2018. They said the goal was to strengthen communities, advance the health of Texans, and transform the delivery of healthcare.
Now, the two companies say they can do the same thing without merging. The two systems together include 68 hospital campuses, more than 1,100 care delivery sites, nearly 14,000 employees and currently record nearly 10 million patient encounters every year.
Below is the statement released Tuesday:
After months of thoughtful exploration, we have decided to discontinue talks of a merger between our two systems. Ultimately, we have concluded that as strong, successful organizations, we are capable of achieving our visions for the future without merging at this time. We have a tremendous amount of respect for each other and remain committed to strengthening our communities, advancing the health of Texans and transforming the delivery of care. We will continue to seek opportunities for collaboration as two forward-thinking, mission-driven organizations.