Here’s what you should know:
1. The systems’ boards signed a letter of intent Oct. 1 to combine and form the biggest health system in Texas.
2. Eric Johnson, a national director at real estate company Transwestern believes the systems will develop new ASCs and micro-hospitals presence.
3. Both systems are affiliated with Addison, Texas-based United Surgical Partners International, which manages their ASC presence.
4. Mr. Johnson said the merger will strengthen both systems. He said, “These two systems have been forward-thinking and are aligned in quality of physicians, facilities and reputation. I do not expect to see much attrition due to this acquisition. In fact, it should help them compete better overall.”
More articles on transactions/valuation:
Wrong-site nerve blocks are 10x more common than wrong-site surgeries — 5 takeaways
Own an anesthesia practice? Tony Mira urges caution when expanding endoscopy services
MiraMed companies exhibit at AHIMA Convention & Exhibit — 3 details