Companies & People: Cain advises system on monetization

Investment bank handles sale and partial leaseback for Good Shepherd in Texas

By Erin E. Porter

The two-story, 75,300 square foot Good Shepherd Institute for Healthy Living wellness center in Longview, Texas, was one of the assets included in a recent sale and partial leaseback orchestrated by New York-based Cain Brothers & Co. LLC. (Photo courtesy of M.J. Harris Construction Services)

The two-story, 75,300 square foot Good Shepherd Institute for Healthy Living wellness center in Longview, Texas, was one of the assets included in a recent sale and partial leaseback orchestrated by New York-based Cain Brothers & Co. LLC. (Photo courtesy of M.J. Harris Construction Services)

Hospital-driven monetizations have been few and far between in recent years. But at least one recent transaction shows that the strategy of selling and leasing back non-core assets is still a viable option for some providers.

New York-based Cain Brothers & Co. LLC recently served as the advisor to

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