Companies & People: Cain Brothers assists large Texas systems in merger effort

TEXAS – In December, two large Texas health systems signed a letter of intent (LOI) to form what would be the state’s largest system, a $7.7 billion organization.
New York-based Cain Brothers & Co. LLC was hired by the Texas systems, Dallas-based Baylor Health Care System and Temple-based Scott & White, to assist with the merger discussions for the formation of the combined Baylor Scott & White Health.

When the merger is complete later in 2013, the combined system would have 42 hospitals, more than 350 patient care sites, more than 4,000 active physicians and 34,000 employees. Scott & White also brings its insurance platform, the Scott & White Health Plan, to the table.

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