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Two Largest Hospital Systems in Dallas Area Drop Plan to Merge.
Knight Ridder/Tribune Business News, November, 1999 by Ornstein, Charles
Knight Ridder/Tribune Business News
Nov. 2 -- The region's two largest nonprofit hospital systems called off their planned merger Monday, saying fundamental changes in the health-care industry required them to focus on internal operations.
The merger's collapse comes less than one week after Baylor Health Care System and Texas Health Resources agreed to extend the timetable to complete their alliance until March. The proposed marriage, announced in January, would have created the largest hospital system in Texas.
"The complexity of what's happened to hospitals in this country, to health-care systems in this country, it's just weighing down on all of us," said Boone Powell Jr., Baylor's president and chief executive. "We just finally concluded...
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