Facing financial and operational challenges, the Frisbie Memorial Hospital Board of Trustees signed a non-binding LOI to sell the operations and assets of their community based acute care hospital to HCA Healthcare, a national investor-owned healthcare company. At the time, the Board of Trustees did not have a transaction advisor. After securing the LOI, the Board of Trustees faced significant challenges in advancing deal negotiations. Given the Warbird professional’s experience in successfully representing prior clients like Frisbie Memorial, HCA recommended to the Frisbie Board of Trustees that the Board consider retaining the Warbird professionals to manage the transaction process and represent the Board as its transaction advisor […]
Quorum Health Corporation is a national, investor-owned operator of acute care hospitals. Following Quorum’s spin-out from Community Health Services, Quorum retained Warbird’s M&A advisory team to assist Quorum with its strategic divestiture efforts. The client selected the Warbird M&A team to broadly market the selected hospital assets due to their extensive contacts and relationship capital with qualified national buyers and regional strategic operators […]
This Modern Healthcare profiled transaction involved Atrium Health’s (formerly Carolinas HealthCare System) first expansion into the Georgia market. After another advisory firm representing the “deal” produced a LOI for the parties, several months of protracted negotiations with little movement beyond the initial high-level terms of that LOI followed. Navicent Health’s Board decided that independent advisors were necessary and hired Warbird’s transaction advisory team […]
The local community directors of a Mayo Clinic affiliate health system retained Warbird’s M&A professionals after the Mayo Clinic shared its desire to vacate its role as the sole member of the $150M net patient revenue health system in Waycross, GA. The affiliate system was experiencing an annual operating loss of $24 million, leaving the local community directors with concerns about the long-term sustainability of the hospital […]
Transaction Advisory Services: National Not-For-Profit Academic Medical Center’s Affiliate Divestiture Creates $70M Healthcare Foundation for Community in Southeastern United States. Summary of Work: Warbird’s M&A professionals were retained to provide a suite of services, including transaction advisory services […]