Last year, Dignity Health and Catholic Health Initiatives announced plans to merge their operations, and a few months ago, Baylor Scott & White Health announced its intent to merge with Memorial Hermann Health System.
These mergers will consolidate four sizeable systems into behemoth operations, and that seems to be a trend. In the last 18 months alone, there have been 197 health care merger and acquisition transactions announced. So it stands to reason that faculty and employees here might wonder, “Is Texas Children’s considering merging with another health system?”
The firm and resolute response to that is, “No.” Texas Children’s has no plans to merge with another system. Here’s why:
We care about our people. Remaining committed to Texas Children’s mission is just as important for our staff and employees as it is for our patients and their families. One of the most significant impacts, when systems merge, is the dilution of culture, and we will not sacrifice our culture or the people who have nurtured it. Texas Children’s is who we are because of who you are. We take immense pride in the culture of excellence and passion for patient care that we all share. It is the hallmark that distinguishes us. I simply cannot imagine Texas Children’s with a leadership team operating the organization for our people from a remote location in another state. Our leadership team is here, engaging and working with you to make decisions that directly impact you and our patients and families. That is our vision for our future.
We’re growing the right way. When you see nearly 200 health care mergers and acquisitions in less than two years, it’s hard to ignore. Some health care systems are growing tremendously. Some need financial stability, and others are simply expanding market share. That’s why growth continues to be important to Texas Children’s. We know market share matters. Size matters. But the way Texas Children’s grows matters to us most. We’re growing aggressively, but we’re thoughtful about our expansion – it is always aligned with our mission to advance patient care, education and research for children and women.
We’re staying focused. Texas Children’s Hospital was founded to care for children. And when we expanded our scope to include women’s services, this was a natural evolution that allowed us to create even healthier futures for children by first taking care of women who would someday become mothers. We now care for women at every stage of life and for children before they are even born. At nearly 65, Texas Children’s is the youngest of the nation’s top children’s hospitals, yet we are leading advancements in medicine for children and women around the world. We have built Texas Children’s as a system intently and passionately focused every single day on advancing and advocating for the health and well-being of children and women. We will not veer from that. Our ability to provide this focused continuum of care is in the best interest of families who seek our expertise and consistently experience exceptional outcomes because of it.
We’ve never been better. Texas Children’s just closed a phenomenal fiscal year … again. We opened the Lester and Sue Smith Legacy Tower, expanded our business to Austin, we’re financially strong, and we’re ranked among the top four children’s hospitals in the U.S. These are just a few highlights of an impressive year, and this year is like so many others we experience at Texas Children’s, time and again. Our capacity to invest in state-of-the-art facilities and continue to expand so that we can provide care in the right place at the right time for our patients speaks to our strategic vision and sturdiness, our ability to respond to the ever-increasing demand for our services and to the exceptional care we provide.
When we say we are one amazing team, we mean that. We have one mission here, one focus and, as a single, cohesive team, we are all moving toward a single destiny for Texas Children’s. Together, we are defining our tomorrow and pouring our passion, best ideas and energy into a promising, sustainable future for us and our patients for decades to come.