Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Valley Baptist Health System to Merge With Vanguard Health Systems

Texas's Valley Baptist Health System, with locations in Harlingen and Brownsville, will soon merge with Nashville, Tenn.-based Vanguard Health Systems, according to a Brownsville Herald report.

As part of the merger, Vanguard will provide money for Valley Baptist to repay its debts. Although Valley Baptist will remain non-profit and tax-exempt, its two medical centers will become taxable, which will generate money for the cities and school districts.

The percentage of Vanguard's ownership is undetermined, a Vanguard spokesman said.

Read the Brownsville Herald report on Valley Baptist Health System.

Read more coverage on Vanguard Health Systems:

- Vanguard Doesn't Plan Major Change of Leadership for Detroit Medical Center

- Vanguard Health Systems' Revenues Up 14.3% on Net Loss of $4.2M

- Vanguard's Baptist Health System Acquires Heart and Vascular Institute of Texas






Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars