FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Deloitte Advises Bankers Healthcare in Investment From Pinnacle Financial

Date: Feb 09, 2015 @ 08:06 AM
Filed Under: Industry News

Deloitte Corporate Finance LLC ("DCF") acted as exclusive financial advisor to Bankers Healthcare Group, Inc. ("BHG"), a leading full-service commercial loan provider to healthcare professionals nationwide, in receiving a minority investment from Pinnacle Bank, a subsidiary of Pinnacle Financial Partners, Inc. ("Pinnacle"), a commercial bank serving individuals and small-to-medium-sized businesses primarily in Tennessee.  Pinnacle invested $75 million to acquire a 30% interest in BHG.  The acquisition closed on Feb. 4, 2015.

BHG is a leading provider of financing solutions for healthcare professionals throughout the United States.  BHG's loan originations are sourced through a variety of distribution channels and primarily sold through an online auction process to a network of approximately 200 community banks.

"DCF was able to effectively position BHG by highlighting the Company's high-touch customer service and expertise in the healthcare lending space.  We are very excited about our affiliation with Pinnacle and believe that, as a result of this partnership, we will be even better positioned to continue the growth and profitability we have enjoyed. We look forward to exploring new opportunities that are available to both firms," said Al Crawford, Chairman and CEO of BHG.

"We are pleased to have assisted BHG in finding an ideal strategic partner and look forward to continuing our relationship with the company," said Charlie Welch, managing director, Deloitte Corporate Finance LLC.  "We believe traditional banks will continue to pursue transactions with specialty lenders that offer growth in attractive asset classes."

Since 2001, Bankers Healthcare Group has been committed to providing financing solutions for healthcare professionals, allowing them to remain focused on delivering high quality health care to their patients. BHG has provided more than $1 billion in funding to thousands of satisfied customers nationwide and has been recognized by Inc. magazine eight times as one of America's fastest growing organizations.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution.

Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.