Baylor Scott & White has sold its construction division to a Michigan-based development and construction firm. The Christman Co. — which has an office in Grapevine — has acquired Medco, which was the in-house construction operation for Baylor for more than 50 years.
Christman made the purchase after seeking a strategic partnership with Baylor Scott & White. “The expansion of resources allows us to serve clients in sectors where Christman excels, such as health care, corporate headquarters, higher education and places of worship,” Steven Roznowski, president and CEO of Christman, said in a statement. “Our new team members share Christman’s cultural foundations of integrity, safety and providing the highest value for clients. Together, we will deliver value through an extended network of national resources.”
Christman, which is based in Lansing, Mich., has been in business for more than a century and has more than $1 billion in annual revenue.
Medco’s most recent projects include the Baylor Scott & White Sports Therapy & Research Center at the Star in Frisco and the Heart Hospital of Plano. Terms of the sale to Christman were not disclosed.
“We are confident that Christman will advance MEDCO’s mission of offering exceptional services as a leader in construction,” chief operating officer at Baylor Scott & White John McWhorter said in a statement.