M&As to Continue with Smaller Deals
"Obviously, this is a time of great change in how healthcare is delivered in our country. In this new era, health systems must be prepared for declining reimbursement, high levels of information management, an increasing demand for outpatient services, and the population health management drive to advance the wellness of large groups of patients rather than to focus on sick care," Savelsbergh says.
"We think that this has led to the need for more partnerships among those who provide healthcare. Baylor Scott & White Health is building a new national model for healthcare delivery engineered to meet the demands of healthcare reform, the changing needs of patients and payers, and the extraordinary advances in clinical care."
Savelsbergh also says that the union was a long time in the making. "Baylor and Scott & White began talking years ago because we both understood how joining forces could provide us greater strength through this changing time."
He says the organizations are "like-minded" and are looking to achieve the same strategic and financial goals from the merger.
"Strategically, it's important to keep in mind that this merger was done to improve care and increase access to care for patients while gaining efficiencies to bend the cost curve.… We expect improved patient outcomes by combining the expertise of primary care physicians, medical specialists and adopting the best practices of both organizations," Savelsbergh says.
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