ABOUT IASIS HEALTHCARE
IASIS Healthcare, located in Franklin, Tennessee, is a leading provider of high quality, affordable healthcare services in urban and suburban markets. With total annual net revenue of approximately $2.4 billion, IASIS owns and operates 16 acute care hospitals, one behavioral health hospital, several outpatient service facilities, more than 140 physician clinics, and Medicaid and Medicare managed health plans in Arizona and Utah that serve more than 175,000 members. IASIS’ healthcare facilities offer a variety of access points for convenient patient care in numerous regions across the U.S., including: Salt Lake City, Utah; Phoenix, Arizona; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.
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
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Dara Litwin
Hammond Hanlon Camp LLC
212.257.4527
dlitwin@h2c.com
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H2C Advises IASIS Healthcare on Sale of Florida Hospitals
posted on November 13, 2013
NEW YORK - November 13, 2013 – Hammond Hanlon Camp LLC (“H2C”), an independent strategic advisory and investment banking firm, served as exclusive financial advisor to IASIS Healthcare® LLC (“IASIS”) in its sale of three hospitals in Tampa Bay, Florida.
“This transaction is an example of how ongoing changes in the healthcare industry are creating a variety of opportunities for health systems across the country to evolve their care delivery models,” said IASIS President and Chief Executive Officer Carl Whitmer. “As such, recent assessments of our strategic growth plans in new and existing markets made this the appropriate time to change ownership of these three important community hospitals.”
H2C executed a targeted, competitive process to maximize sale proceeds to IASIS and ensure that the hospitals were well positioned in their communities given the changes in healthcare going forward. “H2C did an outstanding job of helping IASIS meet its expectations. They effectively managed a difficult and complicated process and provided timely and insightful advice that
helped us achieve our objective,” said Jay Hoffman, Senior Vice President of Business Development for IASIS.
Richard Bayman, Principal of H2C, added, “This transaction is consistent with what we are seeing across the country as health systems seek to strengthen and expand their networks through consolidation in local markets.”
The transaction involving Palms of Pasadena Hospital, Memorial Hospital of Tampa and the Town & Country Hospital was announced on July 18, 2013 and closed on September 30, 2013.