BGL Advises Lehigh Valley Health Network in its Acquisition of Westfield Hospital
May 28 2014
Brown Gibbons Lang & Company (BGL) is pleased to announce that Lehigh Valley Health Network (LVHN) has acquired Westfield Hospital. BGL advised LVHN in the transaction.
Located in South Whitehall Township, Westfield Hospital (Westfield) is a 25-bed hospital with three operating rooms and an emergency department. Also located on campus is Westfield Surgery Center, an ambulatory surgery center consisting of three operating rooms and two procedure rooms, which will be run by LVHN as part of the transaction. LVHN plans to transform Westfield into the Center for Orthopedic Medicine, which will provide comprehensive orthopedic care with the focus on total joint replacement and spine surgery. Westfield Drs. Yasin Khan, CEO of Westfield, and Elizabeth Khan will continue their independent private practices at Comprehensive Pain Centers and Tilghman Medical Center, respectively.
Located in Pennsylvania’s Lehigh Valley region, Lehigh Valley Health Network (LVHN) is an integrated health system comprised of three full-service hospitals, a children’s hospital, multiple community health centers, ancillary services that include imaging and home health and hospice, and retail clinics. LVHN is supported by over 1,340 primary care and specialty physicians with more than 630 employed by the system. LVHN cares for more orthopedic patients than any other provider in the Lehigh Valley region, with more than 38 percent of all inpatient orthopedic volume according to 2012 data from the Pennsylvania Health Care Cost Containment Council.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Healthcare & Life Sciences, Consumer Products & Retail Services, Energy & Environmental Services, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland, and Global M&A partner offices in more than 50 countries across five continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.