ABOUT MEMORIAL UNIVERSITY MEDICAL CENTER
Memorial University Medical Center is a healthcare organization serving a 35-county area in Georgia and South Carolina. The system includes its flagship Savannah hospital, a 530-bed academic medical center, primary and specialty care physician networks, a large medical education and research program, business and industry services, and NurseOne, a 24-hour call center. Memorial University Medical Center has over 600 physicians and 3,378 employees.
ABOUT NOVANT HEALTH, INC.
Novant Health is a $3.5 billion not-for-profit integrated system with locations in North Carolina, South Carolina, Virginia, and Georgia. The system is comprised of 13 hospitals, including its two flagship hospitals located in Charlotte, North Carolina and Winston-Salem, North Carolina, 150 outpatient centers and 360 clinic locations. Novant has over 25,000 employees and the affiliated Novant Medical Group is comprised of more than 1,100 physicians.
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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Hammond Hanlon Camp LLC Serves as Financial Advisor to Memorial University Medical Center in its Strategic Partnership with Novant Health, Inc.
posted on October 31, 2012
SAN DIEGO – On August 30, 2012, Memorial University Medical Center and Novant Health, Inc. announced a new strategic partnership, including a shared services agreement and future growth initiatives. Both Memorial and Novant will remain independent and retain local ownership and governance. The alliance is expected to provide improved infrastructure and efficiencies for Memorial in several areas, including supply chain and clinical engineering, access to resources, and best practice collaboration. Leaders at both organizations expect the partnership to produce improved patient care, expanded access, and reduced costs.
Bill Hanlon, a Principal with Hammond Hanlon Camp LLC, said “This is a watershed event for both organizations. By sharing services with a larger system, Memorial gains access to capital for strategic growth initiatives, and both Memorial and Novant will realize economies of scale to reduce costs as well as the opportunity to enhance clinical quality and patient safety in collaboration with a culturally compatible organization. We and are pleased to be a part of this successful transaction.”