Boca Raton Regional Hospital to begin search for long-term partner

Boca Raton (Fla.) Regional Hospital hired New York City-based investment banking and public finance firm Cain Brothers & Co., to assist the in the hospital’s search for a suitable partner, according to Boca Raton Magazine.

Advertisement

Boca Raton Regional Hospital President and CEO Jerry Fedele confirmed to Boca Raton Magazine Oct. 17 the hospital hired Cain Brothers & Co. in August.

Mr. Fedele said after informing various healthcare organizations of the hospital’s partnership search, officials received “eight to 10 calls,” according to the report. However, he said officials are not interested in selling the facility.

“We are not totally giving up operating control, but there would be some communal governance,” he said. “It would be wrong to say that nothing will change.”

Mr. Fedele said officials will know by March if the partnership will come to fruition, the report states.

More articles on transactions and valuations:
Memorial Sloan Kettering, Norwalk Hospital form cancer care partnership
Kaufman Hall: 2017 Hospital M&A activity to potentially outpace 2016
U of Michigan in talks to affiliate with Wayne State physician practice

 

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Beyond the bottleneck: How health systems are improving access, flow and care continuity

Thursday, July 30
1:00 PM - 2:00 PM CDT

Presenters: Imamu Tomlinson, MD, MBA, VituityWilliam Morice II, MD, PhD, Mayo Clinic LaboratoriesJordan Dale, MD, Houston MethodistAsh Tengshe, City of HopeChris Klay, MHA, MA, PT, FACHE, Hospital Sisters Health System

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.