Hammond Hanlon Camp LLC Advises Southern Indiana Rehabilitation Hospital on Sale to Vibra Healthcare
posted on Feb. 27, 2019
NEW YORK — Hammond Hanlon Camp LLC (“H2C”), Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive financial advisor to Southern Indiana Rehabilitation Hospital (“SIRH” or “the Hospital”) in its sale to Vibra Healthcare.
SIRH was a 64,380-square-foot, state-of-the-art facility that provided comprehensive rehabilitative and medical services for adults and children with injury, illness, and disability. Located in New Albany, Ind., just five miles northwest of Louisville, Ky., SIRH also operated three leased satellite locations offering a wide variety of outpatient programs.
In Fall 2017, SIRH engaged H2C as its exclusive financial advisor to explore a sale of the hospital. H2C cast a broad net in seeking potential buyers to drive competition and attain optimal pricing and best terms. “H2C developed SIRH’s marketing strategy, highlighting SIRH’s strong reputation, service offerings, steady outpatient volume growth, market position, and opportunity to improve revenue,” said Jay Miele, Managing Director, H2C. “H2C also emphasized the potential for quick wins in turning around SIRH’s operational and financial performance with a skillful operator focused solely on rehab." Email Jay.
H2C delivered offers from numerous parties at competitive pricing, including national healthcare providers. H2C guided SIRH leaders through the sale process. Vibra, an experienced rehabilitation hospital operator, was ultimately selected as the buyer.
“H2C’s expertise in healthcare services enabled H2C to position Southern Indiana Rehabilitation Hospital as an attractive asset to optimize the value,” said Cathy Spalding, Vice President of Operations, SIRH. “We’re very pleased with the guidance H2C provided throughout the sale process."
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ABOUT SOUTHERN INDIANA REHABILITATION HOSPITAL
Southern Indiana Rehab Hospital (SIRH) was a rehabilitation hospital providing comprehensive, high-quality rehabilitative and medical services for adults and children with injury, illness, or disability. Located in New Albany, Ind., this 60-bed inpatient facility combined traditional physical, occupational and speech therapies with rehabilitative nursing and advanced technologies to improve an individual’s functional abilities. SIRH provided inpatient, outpatient and contract services to residents throughout the southern Indiana and Louisville, Ky., metropolitan area.
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 and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and 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, visit h2c.com.
“H2C’s expertise in healthcare services enabled H2C to position Southern Indiana Rehabilitation Hospital as an attractive asset to optimize the value."
- Cathy Spalding
Vice President of Operations,