Tenet and Dallas-based Baylor Scott & White Health partnered to jointly own Centennial Medical Center in Frisco, Doctors Hospital at White Rock Lake in Dallas, Lake Pointe Medical Center in Rowlett, Texas, Regional Medical Center at Sunnyvale and Baylor Medical Center at Garland.
Here are five takeaways:
1. All five hospitals will operate under the Baylor Scott & White Health brand.
2. Baylor Scott & White Health will hold a majority interest in the hospitals.
3. The transaction is subject to customary closing conditions as well as regulatory review.
4. Under the partnership, each hospital will have a governing board, independent medical staff and medical staff leadership responsible for various clinical matters.
5. On Feb. 23, 2015, Tenet's North Texas accountable care organization entered into an affiliation agreement with the Baylor Scott & White Quality Alliance. The agreement added four hospitals, six outpatient centers and more than 170 physicians to the network.
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