Hammond Hanlon Camp LLC Advises Anchor Health Properties on Merger with Brinkman and Chestnut
posted on November 19, 2015
NEW YORK — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive financial advisor to Anchor Health Properties, a full-service healthcare real estate development company (“Anchor”), in its recently announced merger with Brinkman Management and Development (“Brinkman”). As part of the transaction, H2C also advised Anchor in the recapitalization of its ownership interests in a portfolio of medical office and outpatient facilities with Chestnut Development Partners (“Chestnut”).
Anchor engaged H2C to identify a merger partner in order to grow and expand its healthcare real estate development and management platform. Based in Wilmington, DE, Anchor is a leading developer of innovative healthcare properties across the eastern half of the United States. The Company was founded by Paula Crowley and Lou Sachs in 1985 as a developer of retail properties, but over 20 years ago changed focus to exclusively develop medical facilities adapting many of the concepts and principles of successful retail projects to healthcare facilities. The retail approach to healthcare facility development is a trend that has recently become popular across the country and is leading to the construction of new facilities of this kind from coast to coast. Brinkman, a Charlottesville, VA-based healthcare real estate management and development company, was founded in 1981 and has offices in Charlottesville, VA, Knoxville, TN and Nashville, TN.
The combined company, which will operate under the name Anchor Health Properties, represents an expansive geographic presence that covers the East Coast and into the Midwest. "The coming together of Anchor Health Properties and Brinkman Management & Development creates one of the most powerful and dynamic healthcare real estate development and management firms in the country," said PJ Camp, Principal of H2C. "The innovation and creativity within the combined company, along with the 20-year history of retail-oriented healthcare development experience, will be large contributors to the company's growth and key differentiators in the highly-competitive healthcare real estate industry." Email PJ
The merger between Anchor and Brinkman also included the recapitalization of ownership interests in a medical office and outpatient healthcare facility portfolio consisting of eight properties located throughout the Mid-Atlantic and Southeast. H2C partnered Anchor with Chestnut, a real estate investment firm based in Chattanooga, TN, which provided equity for the recapitalization.
“We selected H2C due to their unique knowledge of the healthcare real estate sector and depth of experience in advising healthcare real estate development companies on similar transactions. We were very impressed with the process undertaken by H2C’s real estate team to identify the best partners which resulted in the relationship with Brinkman and Chestnut, and also the care they used in structuring the transactions to achieve the most favorable results,” said Paula Crowley, Chairman of Anchor Health Properties.
ABOUT ANCHOR HEALTH PROPERTIES
Anchor Health Properties is a national, full-service development and management company focused exclusively on medical facilities. Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. Anchor develops and manages projects that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. The Company has offices in Wilmington, DE, Nashville, TN, Knoxville, TN and Charlottesville, VA. For more information, go to anchorhealthproperties.com.
ABOUT CHESTNUT DEVELOPMENT PARTNERS
Chestnut Development Partners is a private manager of commercial real estate investment funds based in Chattanooga, TN. Chestnut’s investments are in healthcare, office and retail properties located in various Mid-Atlantic and Southeastern markets. The company makes investments alongside experienced partners in development, redevelopment and value-add commercial real estate projects.
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.
Hammond Hanlon Camp LLC
623 Fifth Avenue
New York, NY 10022
3333 Piedmont Road
Atlanta, GA 30305
311 South Wacker Drive
Chicago, IL 60606
"We selected H2C due to their unique knowledge of the healthcare real estate sector and depth of experience in advising on similar transactions.”
- Paula Crowley
Chairman of Anchor
4655 Executive Drive
San Diego, CA 92121