H2C Advises Baptist Health System on Planned Joint Venture with Tenet Healthcare
posted on December 22, 2014

 

NEW YORKHammond Hanlon Camp LLC (H2C), a strategic advisory and investment banking firm with an exclusive focus on healthcare, is acting as the exclusive financial advisor to Baptist Health System (Birmingham, AL) on its planned joint venture with Tenet Healthcare Corp. Baptist and a subsidiary of Tenet have signed a non-binding Letter of Intent to form a jointly owned company that will include Baptist’s four hospitals, Tenet’s Brookwood Medical Center and their related physician and outpatient operations. Baptist and Tenet have initiated a period of due diligence, which is intended to result in a definitive agreement. Once the definitive agreement is reached, the new joint venture could be formed as early as the spring of 2015.

 

H2C is assisting Baptist in evaluating its strategic options, structuring the partnership, and negotiating the preliminary terms and conditions of the partnership. H2C's Principals have acted as trusted advisors to the Baptist leadership team and board on a number of strategic transactions and initiatives over the last decade. This long standing relationship has been led by Michael Hammond and Rich Bayman.

 

Click here for the Baptist Health System Press Release 

ABOUT HAMMOND HANLON CAMP LLC

Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers & acquisitions, capital markets, real estate and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, go to h2c.com

 

MEDIA CONTACT

Dara Litwin
Hammond Hanlon Camp LLC
212.257.4527
dlitwin@h2c.com

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