Baptist Memorial, Mississippi Baptist compete merger forming large regional system
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.