Boston Med Center

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Boston Medical Center
Good Samaritan Medical Center
Steward Health Care
Our Role Financial Advisor

Summary

Cain Brothers served as financial advisor to Steward Health Care during its Chapter 11 bankruptcy process to identify buyers and manage the sale of up to 17 hospitals in seven states. Cain Brothers was retained based on its extensive knowledge of the hospital & health system sector, real estate expertise, and demonstrable ability to execute complex transactions.  

Good Samaritan Medical Center is an award-winning, 224-bed, acute-care community hospital, built on the foundation of providing comprehensive care that extends beyond its four walls to address the most critical health and wellness needs of its Brockton, Massachusetts, community members and beyond.

Steward Health Care was one of the largest private hospital systems in the U.S., operating more than 30 hospitals in eight states supported by multi-specialty provider groups with more than 1,700 providers and operations in 11 states. Steward had previously entered real estate sale/leaseback transactions with Medical Properties Trust for many of its hospitals.

Boston Medical Center is a 511-bed, equity-led academic medical center that delivers a model of healthcare in which innovative and equitable care empowers all patients to thrive. A premier academic medical center in Boston, a national leader in clinical care, and the largest essential hospital in New England, BMC’s world-class clinicians provide comprehensive care in more than 70 specialties and subspecialties.

Cain Brothers targeted buyers interested in owning and operating a hospital in the southern Massachusetts area. The successful acquisition by Boston Medical Center preserves community jobs and continues providing care to current and future patients of Good Samaritan.

Steward Health Care

KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association ("KeyBank N.A.") are separate, but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

Banking products and services are offered by KeyBank N.A. All credit, loan, and leasing products are subject to collateral and/or credit approval terms, conditions, and availability and subject to change.

Recent Deals

March 2025

integer

$1 Billion

Convertible Senior Notes due 2030

Co-Manager

integer
March 2025

sandbrook capital

acquired

intellirent

Senior Secured Credit Facilities

Sole Lead Arranger
Administrative Agent

intellirent
March 2025

imagefirst

a portfolio company of

caleracapital

$625 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

imagefirst
March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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