The transaction, which requires regulatory approvals, will expand KeyBanc’s healthcare investment banking group.
“Key’s established, integrated corporate and investment banking platform will allow us to bring enhanced capabilities to our clients, further improving our value proposition,” Robert J. Fraiman Jr., president and CEO of Cain Brothers, said. “At the same time, we look forward to bringing our knowledge and capabilities to Key’s extensive healthcare services and provider client base.”
The transaction is expected to close in late 2017.
More articles on healthcare industry transactions:
Gundersen Health System acquires Wisconsin hospital
Missouri Baptist, Select Medical team up to form ‘hospital within a hospital’
United Hospital System, Froedtert formalize affiliation
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