Baylor Scott & White Health Completes Acquisition of Lakeway Regional Medical Center
Travis County hospital becomes part of statewide network focused on improving population health
Baylor Scott & White Health has completed the process to acquire the hospital operations of Lakeway Regional Medical Center in Lakeway, Texas, officials announced today. As of September 1, 2016, Lakeway Regional is officially part of the Baylor Scott & White statewide network.
“Bringing our brand’s vision and promise to our friends in the Lakeway community is important to us,” said Jay Fox, president of Baylor Scott & White Austin/Round Rock region. “Becoming partners in the health of this community is our mission. Together, we’ll work to engage Lakeway and surrounding communities to identify ways to improve overall health and wellness, for both the near future and for the generations to come.”
“This is an exceptional moment for our hospital. Transforming Lakeway Regional into the Baylor Scott & White system is a significant step forward that will directly benefit patients, physicians, employees and the health of our community,” said Lakeway Regional’s CEO, Philippe Bochaton.
While the transaction is complete, the transition process now begins in order for the hospital to transform into a fully integrated member of Baylor Scott & White, with the ability to deliver on the brand’s vision and promise, including the adoption of the system’s best practices, protocols and procedures over a period of time. The hospital will be renamed as Baylor Scott & White Medical Center – Lakeway and operate as an additional campus of Baylor Scott & White Medical Center – Round Rock.
As the integration process continues, bringing the hospital into the Baylor Scott & White system will allow physicians and other caregivers to provide increasingly coordinated care to patients. Providers will be able to more easily access quality clinical resources, including a large network of specialty medical expertise, state-of-the-art equipment upgrades, training resources and a robust electronic medical record system.
Increased collaboration between Central Texas healthcare providers and a network of clinical excellence across the state is expected to improve quality and access to care for people in the Austin/Round Rock region. Lakeway Regional Medical Center is key to Baylor Scott & White’s population health initiatives in Central Texas, the system’s mission to advance healthcare for all patients. In partnership with Baylor Scott & White Quality Alliance, Baylor Scott & White Health is committed to utilizing clinical and administrative data and best practices to improve quality and efficiency, lower healthcare costs and accelerate medical innovation in patient care.
About Baylor Scott & White Health
Formed from the 2013 merger between Baylor Health Care System and Scott & White Healthcare, the system referred to as Baylor Scott & White Health is the largest not-for-profit health care system in the state of Texas. With total assets of $9 billion* and serving a population larger than the state of Georgia, Baylor Scott & White Health has the vision and resources to provide its patients continued quality care while creating a model system for a dramatically changing health care environment. The system now includes 46 hospitals, more than 900 access points, 6,000 active physicians, and 44,000 employees, plus the Scott & White Health Plan, Baylor Scott & White Research Institute and Baylor Scott & White Quality Alliance — a network of clinical providers and facilities focused on improving quality, managing the health of patient populations, and reducing the overall cost of care. For more information visit: BaylorScottandWhite.com
* based on unaudited 2015 fiscal year statements