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Investment Banking Associate, Health Systems M&A, San Francisco

Description

Investment Banking Associate, Health Systems Mergers & Acquisitions, San Francisco

Cain Brothers, a division of KeyBanc Capital Markets, is a pre-eminent healthcare investment bank and provides a full range of investment banking services including mergers & acquisitions, capital raising, and strategic and financial advisory solutions. Our Health Systems M&A team advises hospitals and health systems, academic/university medical centers and physician group clients on many of the most important transactions involving the health provider sector. Our team has completed more than 150 mergers, acquisitions and affiliations between health systems, hospitals, academic medical centers and physician groups. As a specialized team, the Health Systems M&A team complements and works closely with Cain Brothers’ Corporate Finance practice on some of the most innovative transactions in the U.S. healthcare industry.

Position Summary

Associates will work primarily on mergers & acquisitions and strategic advisory engagements. Cain Brothers’ staffing model ensures that associates work closely with senior bankers and clients including frequent travel to client meetings. Associates are expected to be actively engaged in transaction execution across the healthcare industry while learning from the industry’s leading advisory team. Further, the Associate role is supported by a comprehensive mentorship program with senior bankers and there is excellent potential for promotion within the firm. This is an excellent opportunity for healthcare industry coverage bankers, consultants, in-house corporate development professionals, or others with relevant experience to transition into a dedicated M&A position for the leading practice on Wall Street focused on a $1 trillion+ industry.

Examples of Recent Transactions
  • Sale of Mission Health to HCA for $1.5 billion
  • Sale of Tenet Healthcare’s Atlanta hospitals and related operations to WellStar Health System for $661 million
  • Sale of Verity Health System in bankruptcy (ongoing), including $235 million divestiture of O’Connor Hospital and Saint Louise Regional Hospital to Santa Clara County
  • Affiliation between Group Health Physicians and Kaiser Permanente in connection with Kaiser Permanente’s $1.8 billion acquisition of Group Health Cooperative
  • Acquisition of HCA’s interest in OU Medical System by Oklahoma University Medicine for $750 million and financial advisory for $1.16 billion financing
  • Acquisition of Rockwood Health System, an affiliate of Community Health Systems, by MultiCare Health System for $425 million
  • In collaboration with Cain Brothers’ corporate finance team, investment of $1.25 billion in Steward Health Care System, a portfolio company of Cerberus Capital, by Medical Properties Trust
  • In collaboration with Cain Brothers’ corporate finance team, sale of MDwise Inc. to McLaren Health
  • In collaboration with Cain Brothers’ corporate finance team, acquisition of Care1st by Blue Shield of California for $1.2 billion

Key Responsibilities
  • Creation and oversight of presentations to senior management and board members of clients and prospective clients;
  • Preparation of offering memoranda, pitch books and other material related to M&A transactions, financings, valuations and fairness opinions;
  • Preparation of comprehensive financial models and valuation analyses including discounted cash flow, comparable company, precedent M&A transactions, LBO and merger consequence analyses;
  • Managing client due diligence processes;
  • Oversight of Analysts on deal teams and assist in training and mentoring of Analysts;
  • Travel to client offices and operating sites throughout the United States.
Qualifications
  • Two to five years of relevant experience in investment banking or corporate strategy/business development focused on the healthcare industry;
  • Bachelor’s degree with high academic achievement
  • Strong financial analytical understanding and skills;
  • Demonstrated interest in gaining domain expertise in the U.S. healthcare industry;
  • Superior written and oral communication skills;
  • Proven ability to work well in a fast-paced team environment;
  • Demonstrated leadership qualities;
  • Outstanding work ethic;
  • Willingness to engage in moderate travel throughout the United States;
Preferred Qualifications
  • MBA
  • Prior experience advising, consulting, and/or raising capital for healthcare providers, particularly in the tax-exempt healthcare sector
Compensation
  • Competitive all-in compensation (salary + bonus) commensurate with similar roles in the investment banking industry


#LI-CH1



ABOUT KEY:
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92.9 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,335 ATMs; telephone banking centers ; and a website, Key.com®, that provides account access and financial products 24 hours a day

ABOUT THE BUSINESS:
Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled

Requirements

 

Job Snapshot

Location US-CA-San Francisco
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Banking
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Company Overview

KeyBank

Clients are the foundation of KeyBank. They make it possible for us to reach our number one goal of profitably growing revenue. Delivering exceptional client service makes that happen. As a member of our client services team, you will not only help us reach that goal, but you'll also have the opportunity to grow and thrive in a best-in-class organization. Learn More

Contact Information

US-CA-San Francisco
Snapshot
KeyBank
Company:
US-CA-San Francisco
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Banking
Store Type:

Description

Investment Banking Associate, Health Systems Mergers & Acquisitions, San Francisco

Cain Brothers, a division of KeyBanc Capital Markets, is a pre-eminent healthcare investment bank and provides a full range of investment banking services including mergers & acquisitions, capital raising, and strategic and financial advisory solutions. Our Health Systems M&A team advises hospitals and health systems, academic/university medical centers and physician group clients on many of the most important transactions involving the health provider sector. Our team has completed more than 150 mergers, acquisitions and affiliations between health systems, hospitals, academic medical centers and physician groups. As a specialized team, the Health Systems M&A team complements and works closely with Cain Brothers’ Corporate Finance practice on some of the most innovative transactions in the U.S. healthcare industry.

Position Summary

Associates will work primarily on mergers & acquisitions and strategic advisory engagements. Cain Brothers’ staffing model ensures that associates work closely with senior bankers and clients including frequent travel to client meetings. Associates are expected to be actively engaged in transaction execution across the healthcare industry while learning from the industry’s leading advisory team. Further, the Associate role is supported by a comprehensive mentorship program with senior bankers and there is excellent potential for promotion within the firm. This is an excellent opportunity for healthcare industry coverage bankers, consultants, in-house corporate development professionals, or others with relevant experience to transition into a dedicated M&A position for the leading practice on Wall Street focused on a $1 trillion+ industry.

Examples of Recent Transactions
  • Sale of Mission Health to HCA for $1.5 billion
  • Sale of Tenet Healthcare’s Atlanta hospitals and related operations to WellStar Health System for $661 million
  • Sale of Verity Health System in bankruptcy (ongoing), including $235 million divestiture of O’Connor Hospital and Saint Louise Regional Hospital to Santa Clara County
  • Affiliation between Group Health Physicians and Kaiser Permanente in connection with Kaiser Permanente’s $1.8 billion acquisition of Group Health Cooperative
  • Acquisition of HCA’s interest in OU Medical System by Oklahoma University Medicine for $750 million and financial advisory for $1.16 billion financing
  • Acquisition of Rockwood Health System, an affiliate of Community Health Systems, by MultiCare Health System for $425 million
  • In collaboration with Cain Brothers’ corporate finance team, investment of $1.25 billion in Steward Health Care System, a portfolio company of Cerberus Capital, by Medical Properties Trust
  • In collaboration with Cain Brothers’ corporate finance team, sale of MDwise Inc. to McLaren Health
  • In collaboration with Cain Brothers’ corporate finance team, acquisition of Care1st by Blue Shield of California for $1.2 billion

Key Responsibilities
  • Creation and oversight of presentations to senior management and board members of clients and prospective clients;
  • Preparation of offering memoranda, pitch books and other material related to M&A transactions, financings, valuations and fairness opinions;
  • Preparation of comprehensive financial models and valuation analyses including discounted cash flow, comparable company, precedent M&A transactions, LBO and merger consequence analyses;
  • Managing client due diligence processes;
  • Oversight of Analysts on deal teams and assist in training and mentoring of Analysts;
  • Travel to client offices and operating sites throughout the United States.
Qualifications
  • Two to five years of relevant experience in investment banking or corporate strategy/business development focused on the healthcare industry;
  • Bachelor’s degree with high academic achievement
  • Strong financial analytical understanding and skills;
  • Demonstrated interest in gaining domain expertise in the U.S. healthcare industry;
  • Superior written and oral communication skills;
  • Proven ability to work well in a fast-paced team environment;
  • Demonstrated leadership qualities;
  • Outstanding work ethic;
  • Willingness to engage in moderate travel throughout the United States;
Preferred Qualifications
  • MBA
  • Prior experience advising, consulting, and/or raising capital for healthcare providers, particularly in the tax-exempt healthcare sector
Compensation
  • Competitive all-in compensation (salary + bonus) commensurate with similar roles in the investment banking industry


#LI-CH1



ABOUT KEY:
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92.9 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,335 ATMs; telephone banking centers ; and a website, Key.com®, that provides account access and financial products 24 hours a day

ABOUT THE BUSINESS:
Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled

Requirements

 
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Investment Banking Associate, Health Systems M&A, San Francisco Apply now