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November 30, 2015 9:02 AM ET

Healthcare Providers and Services

Company Overview of Memorial Hermann Healthcare System, Inc.

Company Overview

Memorial Hermann Healthcare System, Inc. owns and operates healthcare facilities in the Greater Houston area. The company’s facilities include acute care hospitals, rehabilitation hospitals, institutes, specialty centers, breast care centers, cancer centers, convenient care centers, diagnostic labs, digestive health facilities, doctor's offices, emergency rooms, imaging centers, joint centers, physical and occupational therapy centers, sleep centers, surgery centers, urgent care facilities, and walk-in clinics. It offers services in the areas of burn, cancer, children's health, diabetes and endocrinology, digestive health, ENT, emergency, heart and vascular, joint pain, lung and respiratory ...

929 Gessner Drive

Suite 2600

Houston, TX 77024

United States

Founded in 1907





Key Executives for Memorial Hermann Healthcare System, Inc.

Chief Executive Officer and President
Chief Operating Officer
Age: 61
Chief Executive Officer of the Memorial Hermann Heart and Vascular Institute - Texas Medical Center
Chief Executive Officer of Children's Memorial Hermann Hospital
Chief Operating Officer of Memorial Hermann Northeast Hospital
Compensation as of Fiscal Year 2015.

Memorial Hermann Healthcare System, Inc. Key Developments

Memorial Hermann Health System Names Peter Huntsman to the Board of Directors, Effective January 1, 2016

Memorial Hermann Health System announced that Peter Huntsman, president and CEO of Huntsman Corp. has been named to the board of directors, effective January 1, 2016. Huntsman, 52, has led The Woodlands-based chemical company since 1994, when his father, Jon, who founded the company, promoted him to president and COO. He then replaced his father in the role of CEO in 2000. In addition to the Memorial Hermann board, Huntsman also serves on the board of directors for the Cynthia Woods Mitchell Pavilion in The Woodlands and for the Montgomery County Women's Center. He serves on the board of advisers for interfaith of The Woodlands and the board of overseers for the Wharton School of Business at the University of Pennsylvania, as well.

Wolterman to Retire as CEO at Memorial Hermann Health System in the Middle of 2016

Wolterman retiring as CEO at Memorial Hermann Health System, effective the middle of 2016. Wolterman has been with Memorial Hermann since 1999 and served as CEO since 2002.

Memorial Hermann Breaks Ground on $650 Million Texas Medical Center Renovation and Expansion Project

Memorial Hermann broke ground on May 27 on the $650 million expansion and renovation of its Texas Medical Center (TMC) Campus. As the Houston region's only full-service health system, this expansion will enable Memorial Hermann to stay ahead of the fast-growing advances in medicine, keep pace with the extraordinary growth of the city and, most importantly, meet the health needs of the community for years to come. The Breaking New Groundexpansion and renovation project began in fall 2014 and is expected to be completed in 2019. Highlighting the project will be the construction of a new patient care building and an additional building that will include parking and infrastructure capabilities to support the new growth. The Memorial Hermann Health System board unanimously approved the Breaking New Ground expansion in March 2014, which builds upon the tremendous growth at Memorial Hermann-TMC over the last year. The expansion will also provide: 160 additional beds (plus 71 replacement beds); 24 operating rooms (19 replacement and five new); 16 additional emergency room bays; 750 new parking spaces; and a 335-seat café. The 15-story patient care tower will also house the Memorial Hermann Texas Trauma Institute and Memorial Hermann Life Flight®, including the John S. Dunn Helistop and the dispatch center, as well as the John S. Dunn Burn Center – the only comprehensive burn center in Houston verified by the American Burn Association – which will expand to 20 beds. In addition, seven shelled floors and six shelled operating rooms will be constructed to accommodate future growth with the potential of adding 264 beds. Memorial Hermann is investing significant resources into this expansion and renovation project but is also seeking the partnership of the philanthropic community to assist in these efforts. Associated with Breaking New Ground is a $200 million philanthropic campaign to support this effort. The campaign includes $150 million for renovation and expansion, with the additional $50 million earmarked for programmatic needs associated with the Texas Trauma Institute.

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