Chicago, IL – August 9, 2017 – Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce that its client, Texas Spine & Joint Hospital (TSJH), has partnered with Baylor Scott & White Health (BSWH) and United Surgical Partners International (USPI). BGL also advised TSJH in the divestiture of its owned real estate portfolio to a real estate investment fund managed by Hammes Partners. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to TSJH in the transaction.
The transaction builds upon BGL’s market leadership position in advising physician-owned hospitals in strategic partnership initiatives with health systems and corporate partners. TSJH represents the sixth surgical hospital transaction for BGL’s Healthcare & Life Sciences investment banking practice in the last three years and the sixth transaction in the sector for BGL Real Estate Partners, the firm’s real estate advisory practice.
Opened in 2002 in Tyler, Texas, TSJH is one of the preeminent physician-owned orthopedic and spine hospitals in the United States. In addition to its core focus in general orthopedics and joint replacement, TSJH also specializes in pain management, outpatient surgery, sports medicine, and back and neck, with ancillary services in pharmacy, pathology lab, urgent care, and imaging services. With more than 200 medical professionals, TSJH is one of the larger physician-owned hospitals in the country, and is routinely rated in the top 1 percent of all specialty hospitals in the United States.
USPI is the largest operator of short-stay surgical facilities in the United States, owning currently more than 260 short-stay facilities in partnership with over 9,000 physicians and serving over one million patients each year. BSWH is the largest not-for-profit healthcare system in Texas and one of the largest in the United States. The system, which includes 48 hospitals, more than 1,000 access points, and 5,500 active physicians, serves a population larger than the state of Georgia. Hammes Partners is a real estate firm that develops, invests in, and manages commercial real estate, with a particular focus in healthcare real estate.