NEW YORK — Fifth Third Securities, Inc.’s (“FTS”) healthcare-focused real estate investment banking team worked with Capital Growth MedVest to secure financing for its development of the Centra Rehabilitation Hospital and Centra Behavioral Health Hospital in Lynchburg, Virginia.
Both hospitals will be operated by a joint venture partnership between affiliates of Lifepoint Health and Centra Health.
The transaction was handled by FTS Managing Director Matthew Tarpley, Jake Gorin, Michael Fioravanti and Blake Ramsay. The financing closed in September with a regional bank based in Virginia.
Both hospitals are slated for completion in late 2025.
About Capital Growth Medvest
Capital Growth Medvest, based in Birmingham, Ala., helps medical facilities operate efficiently through real estate development and funding support. Its founders have completed well over $1 billion in healthcare developments and acquisitions, giving them the experience to find solutions to the most complex needs. Today, it delivers the knowledge, relationships, and resources to help reach an organization’s goals. Visit us at medvest.com.
Fifth Third Securities
Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a wholly owned subsidiary of Fifth Third Bank, National Association, a registered broker-dealer, and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc.: Are Not FDIC Insured, Offer No Bank Guarantee, May Lose Value, Are Not Insured By Any Federal Government Agency, Are Not A Deposit.
Fifth Third Securities’ Real Estate Investment Banking Group For more than 20 years, the real estate investment banking professionals at Fifth Third Corporate & Investment Banking have successfully served as advisors on real estate transactions in excess of $10 billion nationwide.
For additional information, contact Matthew Tarpley, Managing Director, Real Estate Investment Banking, at Matthew.Tarpley@53.com.
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