Companies & People: Cain Brothers advised joint venture as it plans new hospital in Houston

HOUSTON – Baylor College of Medicine (BCM) and CHI St. Luke’s Health System, an affiliate of Denver-based Catholic Health Initiatives (CHI), recently formed a joint venture to construct, own and operate a new hospital in the massive Texas Medical Center in Houston.

The new hospital campus will be built in phases and eventually replace Baylor St. Luke’s 850-bed Medical Center at BCM’s McNair Campus. In addition, CHI St. Luke’s and BCM have formed a new, stronger affiliation with the Texas Heart Institute.

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