(PRWEB) June 29, 2015
Ziegler, a specialty investment bank, is pleased to announce the successful closing of Adventist Midwest Health affiliation with Alexian Brothers Health System. The affiliation includes the formation of a joint operating company (JOC), AMITA Health.
Adventist Midwest Health (Adventist Midwest), located in Hinsdale, IL, is a regional health system with four hospitals in the greater Chicago area with operating revenue of approximately $700 million. Adventist Midwest is part of Adventist Health System (FL), the largest non-Catholic faith-based healthcare system in the U.S. and a Ziegler client since 1981. Alexian Brothers Health System (Alexian Brothers), located in Arlington Heights, IL, is a regional health system with three acute care hospitals, a behavior health hospital and a rehab hospital with more than $1 billion in revenues. Alexian Brothers is part of Ascension Health (MO), the nation’s largest Catholic and non-profit health system.
The newly formed operating company will allow Adventist Midwest and Alexian Brothers to integrate their clinical programs and create a broad network of healthcare system, serving a combined population of more than 3.8 million people. AMITA Health is the third-largest health system in Illinois.
The JOC will allow the two separate organizations to preserve their respective religious identities and mission priorities, and to integrate their operations while maintaining separate ownership of their assets. The affiliation will result in a notably diverse physician provider network, bringing together more than 3,000 physicians to offer better coordinated, more comprehensive care for patients. Ziegler provided special advisory services to Adventist Midwest during the period leading up to the signing of the LOI.
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.
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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