Two major Houston-based providers within Englewood, Colo.-based Catholic Health Initiatives have expanded their affiliations with the Baylor College of Medicine as part of a campus redesign.
Last year, CHI finalized its acquisition of St. Luke's Episcopal Health System, now known as CHI St. Luke's Health, for $2 billion. CHI also signed a letter of intent last year with the Texas Heart Institute, part of St. Luke's, to provide $220 million in funding for 10 years for cardiovascular disease research.
According to the new and enhanced affiliation agreement, the arrangement between CHI and the Texas Heart Institute is completed. In addition, CHI and St. Luke's will partner with Baylor in a joint venture to create a new hospital on Baylor's McNair campus. This new hospital will replace the current 850-bed CHI St. Luke's hospital in the Texas Medical Center. The hospital, which will be named CHI St. Luke's Health Baylor St. Luke's Medical Center, will have up to 650 acute-care beds. The project is expected to be completed in 2018.
Wayne Keathley will serve as president of CHI St. Luke's Health Baylor St. Luke's Medical Center.
CHI St. Luke's Health and Baylor also solidified an academic affiliation agreement. Both organizations plan to emphasize educational and research activities, and they plan on receiving comprehensive cancer center status on a new joint venture cancer center.
CHI is the second-largest Catholic health system in the United States with 87 hospitals.
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