Ziegler Announces Successful Mercy Health System And Rockford Health System Merger

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Ziegler, a specialty investment bank, is pleased to announce the successful closing of Janesville, WI-based Mercy Health System’s (MHS) merger with Rockford, IL-based Rockford Health System (RHS).

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We are very pleased to have worked with Mercy on this transformative partnership. The new organization will best position both hospitals to face the uncertainty of healthcare reform by utilizing shared best practices to reduce costs, enhance quality...

Ziegler, a specialty investment bank, is pleased to announce the successful closing of Janesville, WI-based Mercy Health System’s (MHS) merger with Rockford, IL-based Rockford Health System (RHS).

The yet unnamed, combined system received final regulatory approval from the Illinois Health Facilities and Services Review Board on December 16, 2014 and will begin operation on January 1, 2015 of a multi-regional health system that generates nearly $1 billion in total operating revenue comprising of five hospitals, more than 550 physicians, 7,500 employees and 80 outpatient clinics. The new system will provide care to residents in more than 40 communities in Northern Illinois and Southern Wisconsin.

Javon Bea will continue as MHS CEO and will also lead the new combined system under a newly formed parent company. Bea and four members from each health system will make up the new nine-member board of directors. Mercy Health System and Rockford Health System will both maintain their respective names and the assets of the charitable foundations of the two organizations will remain separate.

Ziegler served as exclusive transaction advisor to MHS, a long-time investment banking client of the firm. Engaged in April 2013, Ziegler was tasked with finding, evaluating and presenting strategic partnership opportunities to MHS. After an expedited but thorough due diligence review process, MHS and RHS signed a definitive merger agreement to merge the two entities on October 23, 2014 and closed December 16, 2014.

John Hanley, Managing Director and Head of Ziegler’s Healthcare Practice, commented, “We are very pleased to have worked with Mercy on this transformative partnership. The new organization will best position both hospitals to face the uncertainty of healthcare reform by utilizing shared best practices to reduce costs, enhance quality outcomes and expand services in their respective markets.”

Ziegler is a premier investment bank to community and regional healthcare providers. For over 80 years, we have been assisting these organizations with creative, tailored financial solutions for their capital needs. Specializing in healthcare, Ziegler offers an array of services including investment banking, financial risk management, merger and acquisition services, as well as capital and strategic planning.

For more information about Ziegler, please visit us at http://www.Ziegler.com.

About Ziegler:
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held, specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
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Leslie Weir
Ziegler
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