SC&H Capital served as the exclusive advisor to Carroll Hospital Center in executing a definitive affiliation agreement with LifeBridge Health, a nonprofit healthcare organization that operates medical institutions in and around Baltimore, Maryland.
Named “Deal of the Year” by ACG Maryland in 2016, the agreement supports Carroll Hospital Center’s strategic plan to grow and advance cardiovascular, cancer, hospice/home care, surgery, women and infants, and outpatient services. As part of the transaction, LifeBridge Health will invest $250 million for facility construction and renovation as well as the development and expansion of medical services.
In addition, LifeBridge Health made a $50 million contribution to the endowment fund of the Carroll Hospital Center Foundation, which helps to fund patient care, scholarships, and community education programs.
About Our Client
Carroll Hospital Center is a private, nonprofit hospital located in Westminster, Maryland. Founded in 1961, the hospital has more than 400 physicians representing 38 medical specialties. Further, the hospital serves more than 14,000 in-patient admissions, over 55,000 ER visits, and approximately 300,000 non-hospital based patients annually.
“SC&H served as our trusted advisor through every step of the process to find a community-focused partner—from evaluating our strategic options, including remaining independent, to selecting the right partner and reaching a final agreement.”
-Leslie Simmons, President and CEO, Carroll Hospital Center