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May 12, 2014

BGL Advises CHRISTUS St. Elizabeth in its Acquisition of Beaumont Bone & Joint Institute

Brown Gibbons Lang & Company (BGL), a leading middle market investment bank,  is pleased to announce effective January 1, 2014, CHRISTUS Hospital St. Elizabeth (CHSE) has acquired Beaumont Bone & Joint Institute.  BGL provided financial advisory and valuation services to CHSE.

Established in 1957 in Beaumont, Texas, Beaumont Bone & Joint Institute (BBJI) is an orthopedic short-stay hospital comprised of six inpatient beds and three operating rooms.  BBJI and its 17 physician partners provide a wide range of orthopedic services to patients in the Beaumont area, including orthopedic surgery, imaging services, occupational and physical therapy, sports medicine, and laboratory services.

Also located in Beaumont, CHRISTUS Hospital St. Elizabeth is a 431-bed acute care and trauma center, and a regional leader in spine and orthopedics, cardiology, oncology, general surgery, critical care and trauma, birthing, neonatal care, and bariatrics. As the largest magnet hospital between Houston and Baton Rouge, CHSE offers a positive, patient-focused environment providing the highest level of care possible for the community. Following the transaction, the operations of BBJI are to remain at its locations under the CHRISTUS brand.

Manfred Steiner led the BGL transaction team with support from Dan Nicholls and Andrew Goldfein.