Dallas-based Baylor Scott & White Health and Houston-based Memorial Hermann Health System have decided to discontinue merger discussions roughly four months after signing a letter of intent to combine their organizations.
"After months of thoughtful exploration, we have decided to discontinue talks of a merger between our two systems," the systems 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."
Baylor Scott & White and Memorial Hermann did not cite a specific reason for ending merger talks.
"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," the systems said. "We will continue to seek opportunities for collaboration as two forward-thinking, mission-driven organizations."
The combined system would have included 68 hospitals, about 15 percent of the total hospitals in Texas, according to The Dallas Morning News.
More articles on healthcare industry transactions:
Dignity Health, CHI merge into $29B system
HCA completes $1.5B acquisition of Mission Health
Tenet sells 3 hospitals, exits Chicago market