Bap­tist Me­mo­rial, Mis­sis­sippi Bap­tist com­pete merger form­ing large re­gional sys­tem

Modern Healthcare - - REGIONAL NEWS - - Alex Kacik

Bap­tist Me­mo­rial Health Care and Mis­sis­sippi Bap­tist Health Sys­tems com­pleted their merger, the com­pa­nies an­nounced last week, cre­at­ing the largest not-for-profit health­care sys­tem in the re­gion.

The deal, which fed­eral reg­u­la­tors al­ready have ap­proved, com­bines Mem­phis, Tenn.-based Bap­tist Me­mo­rial’s 17 hos­pi­tals across Arkansas, Mis­sis­sippi and Ten­nessee with Mis­sis­sippi Bap­tist’s four hos­pi­tals. It will al­low the com­bined or­ga­ni­za­tion to ex­pand its reach and im­prove the level of care, hos­pi­tal ex­ec­u­tives said. Terms were not dis­closed.

Bap­tist, which is sched­uled to open a new $300 mil­lion hos­pi­tal in Ox­ford, Miss., later this year, has been work­ing on the deal with Jack­son-based Mis­sis­sippi Bap­tist since Septem­ber. Bap­tist Me­mo­rial and Mis­sis­sippi Bap­tist have 100-plus-year his­to­ries in their com­mu­ni­ties. Bap­tist Me­mo­rial was founded in 1912 with one hos­pi­tal in down­town Mem­phis while Mis­sis­sippi Bap­tist was Jack­son’s first hos­pi­tal, built in 1911.

Bap­tist Me­mo­rial brings 17 hos­pi­tals to the merger with Mis­sis­sippi Bap­tist.

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