Healthcare consulting and advisory services firm Kaufman, Hall & Associates has acquired Healthcare Real Estate Capital, a national advisory firm focused on the healthcare and higher education real estate capital markets sectors.
Kaufman Hall is known for its M&A services and its significant capital markets business. The firm also regularly publishes healthcare M&A industry reports and data. HR Capita provides strategic consulting and transaction advisory services to some of the nation's largest healthcare institutions, including for-profit and non-profit hospitals/health systems, universities/academic institutions, physician practices, developers, and institutional investors such as real estate investment trusts (REITs) and private equity firms.
Both firms cover niche real estate capital markets for healthcare and higher education.
The acquisition comes at a time when the healthcare sector is experiencing a historic transformation in how services are delivered. The COVID-19 pandemic has forced healthcare providers to do more in unprecedented times, while investor demand and capital flowers for the sector accelerates.
“Real estate is a very significant and valuable asset for healthcare and higher education institutions, and our clients need independent, strategic advice to guide their operational and financial decision making,” R. Wesley Champion, managing director and chief executive officer of Kaufman Hall said in a press release. “HRE Capital has unmatched experience in the niche real estate capital markets for both sectors and has close relationships with highly regarded institutional investors and developer/operators. Together, Kaufman Hall and HRE Capital will deliver the rigorous analytics, unwavering advocacy, and service excellence our clients rely on to a broader range of institutions and will help C-Suite leaders in healthcare and higher education unlock value in this critical financial asset.”
Financial terms of the deal were not disclosed.
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."