Baylor Scott & White Health and Tenet Healthcare, both based in Dallas, have a joint venture to own five Texas hospitals. The parties say the mission of the venture is to improve population health.

The  joint venture will own:

• Centennial Medical Center (Frisco).
• Doctors Hospital at White Rock Lake (Dallas).
• Lake Pointe Medical Center (Rowlett).
• Texas Regional Medical Center at Sunnyvale (Texas).
• Baylor Scott & White Medical Center – Garland (Texas).

Becker’s Hospital Review reported that all the hospitals “will have Baylor Scott & White Health branding as early as this spring. Additionally, physicians, advanced practice providers and other employees of Tenet’s North Texas physician group will transition to Baylor Scott & White Health’s physician group HealthTexas Provider Network.”

Tenet Chairman and CEO Trevor Fetter said: “We have already made meaningful progress in advancing population health through our physicians’ participation in the Baylor Scott & White Quality Alliance, a leading local Accountable Care Organization, and the completion of this joint venture is an important next step in coordinating top-quality, value-based care in North Texas.”