Hammond Hanlon Camp LLC Secures New Hospital Operator for
South Carolina Facilities
posted on October 22, 2015
NEW YORK — Hammond Hanlon Camp LLC (H2C), a healthcare-focused investment banking firm, today announced that it has completed an engagement to identify a long term operator and lessee for two hospital facilities in northeast South Carolina. The facilities – Chesterfield General and Marlboro Park – are owned by the nation’s leading lessor of hospital real estate, Medical Properties Trust, Inc. (“MPT”, NYSE: MPW). H2C served as the exclusive advisor to MPT concerning the re-leasing of the facilities, and identified McLeod Health of Florence, SC, a regional operator of five not-for-profit hospitals in the state, as the optimal candidate to operate and lease the facilities on a long term basis.
“The team from H2C worked collaboratively with MPT and McLeod throughout this process. We were pleased with the outcome that allowed for a continuation of vital healthcare services in these communities and the addition of a new operator to our portfolio,” said Emmett E. McLean, MPT’s Executive Vice President and Chief Operating Officer. “We selected H2C to assist MPT with this process because of their extensive experience in the acute care hospital space,” added Mr. McLean.
H2C conducted a competitive marketing process whereby multiple parties expressed interest in a long term lease of the facilities before MPT elected to proceed with McLeod. McLeod began operating the hospitals on June 22, 2015.
“Working collaboratively with the team at MPT was a great experience,” stated P.J. Camp, Principal of H2C. “While focused on maximizing shareholder value through this transaction, MPT was also desirous of maintaining healthcare services to the communities these facilities serve. This transaction allowed MPT to achieve both of these objectives.
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