Brown Gibbons Lang & Company entered Tyler-based Texas Spine & Joint Hospital in its new partnership with Baylor Scott & White Health and United Surgical Partners International.
Here are five notes:
1. BGL is strengthening its portfolio in advising physician-owned hospitals with strategic partnerships with health systems and corporate partners.
2. This transaction is the sixth surgical hospital transaction for BGL's Healthcare & Life Sciences investment banking practice within the last three years.
3. Dallas-based Baylor Scott & White Holdings and Tyler-based Texas Spine & Joint Hospital entered into a partnership on Aug. 1.
4. The Texas Spine & Joint Hospital will now operate within the Baylor Scott & White system, but will be partially physician-owned.
5. Baylor Scott & White will rebrand the hospital, but has not disclosed specifics.