CHRISTUS Health

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners CHRISTUS Health
Wadley Regional 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.  

Wadley Regional Medical Center is a 370-Bed Hospital in Texarkana, Texas. As the longest-serving hospital in Texarkana, WRMC has a century-long tradition of providing compassionate, high-quality health care.

Cain Brothers targeted buyers interested in owning and operating a hospital in East Texas. The successful acquisition of WRMC by CHRISTUS Health preserves community jobs and continues providing care to current and future patients of Texarkana.

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.

CHRISTUS Health is a Catholic, not-for-profit system made up of more than 600 centers, including community hospitals, urgent care centers, health insurance companies, and physician clinics. Christus is a community of 45,000 associates, with over 15,000 physicians providing individualized care — and all focused on its charitable mission.

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

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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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