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Health networks would retain their names in their home regions. The new name of the parent organization as a whole has not been finalized.
It is not clear if a merger would result in job cuts. The CEOs noted that the two companies combined had close to 5,000 vacancies.
Despite the anticipated recruitments, the Houston Chronicle reported in June that Memorial Hermann had sacked 460 in 2018. Stokes spoke of "the uncertain environment of health care".
The system is expanding in other areas, such as Memorial Hermann-Texas Medical Center.
Hinton said he did not know how the combined organization would rank at the national level, but that was not a determining factor.
"We will be a big organization, 73,000 employees," he said. "We want to convert that size into value for the people we serve, which is really our main goal."
Baylor Scott & White Health
47,000 employees and more
More than 7,500 doctors
More than 7 million visits per year
More than 800 primary, specialty and satellite clinics
49 hospitals
Hermann Memorial
More than 26,000 employees
More than 6,400 doctors
More than 2.4 million visits per year
More than 300 care sites and more
19 hospitals *
SOURCES: Companies
* Includes joint ventures
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