BCM, Rice take first step towards merger

March 26, 2009 4:46:33 PM PDT
There's new information about merger talks between Baylor College of Medicine and Rice University. We've learned that the two schools signed a letter that could pave the way for a merger. [SIGN UP: Get headlines and breaking news sent to you]

After months of informal talks, Rice University and Baylor College of Medicine officials will say they agreed to formally discuss the possibility of a merger. The terms of the agreement are confidential.

Rice and Baylor officials were a little more forthcoming with staff and faculty. In a letter sent out Thursday afternoon, the presidents for both institutions said in part, "While no decision on a merger has yet been made and many issues remain to be resolved, our boards have concluded that a closer affiliation has abundant potential benefits for both institutions, as well as for our home city of Houston."

If it happens, exactly what a merger would look like, a timetable or possible names are questions that likely will not be answered for months. What does seem clear is, if approved, Rice would acquire a world renowned medical school and Baylor would get the backing of a major university.

Stay with Eyewitness News and abc13.com for the very latest on the possible merger.

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