A proposed $14 billion merger between Memorial Hermann and Baylor, Scott & White was officially called off earlier this week. The merger would have impacted Memorial Hermann’s Greater Heights campus on Loop 610 North, along with its many related urgent care and medical offices in the community.
According to a joint statement released Tuesday, both companies felt they had more opportunity as individual entities.
“After months of thoughtful exploration, we have decided to discontinue talks of a merger between our two systems,” both hospitals said in a joint statement. “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.”