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HighBank advises LifeBridge Health on its acquisition of a controlling interest in the Ellicott City Ambulatory Surgery Center

July 19, 2016
HighBank Advisors ("HighBank"), a Baltimore, Maryland-based, mid-market investment bank, announces that it advised LifeBridge Health ("LifeBridge") on its acquisition of a controlling interest in the Ellicott City Ambulatory Surgery Center. Terms of the transaction were not disclosed.
 
LifeBridge, based in Baltimore, Maryland, is one of the largest, most comprehensive and most highly respected providers of health-related services to the people of the greater Baltimore area. LifeBridge consists of Sinai Hospital of Baltimore, Northwest Hospital, Carroll Hospital, Levindale Hebrew Geriatric Center and Hospital, and its subsidiaries and affiliated units, including LifeBridge Health & Fitness and the LifeBridge Medical Care Centers in Eldersburg, Mays Chapel and Reisterstown. Sinai Hospital, Northwest Hospital and Carroll Hospital are all acute-care general hospitals with complementary clinical centers of excellence.
 
Steve Witman, VP, Business Development/Financial and Capital Planning of LifeBridge, stated, "We are very pleased to add the Ellicott City Ambulatory Surgery Center to our network of care centers, which will further strengthen its already outstanding operations, management and mission of care.” 
 
"HighBank ran a very thorough acquisition target search process and provided insight, advice and counsel through the negotiation, diligence and documentation stages," added Witman. "The entire HighBank team went above and beyond our expectations and enabled us to enter this important relationship with the Ellicott City Ambulatory Surgery Center.”
 
Stephen Gaines, Managing Director at HighBank, stated, "LifeBridge has built a diverse and impressive health system that is vitally important to the greater Baltimore community. Adding the Ellicott City Ambulatory Surgery Center will play an important part in the growth of its mission and service area."
 
Bass, Berry & Sims PLC served as legal advisor to LifeBridge. McGuireWoods LLP served as legal advisor to the selling owners of the Ellicott City Ambulatory Surgery Center.
 
About LifeBridge Health
 
LifeBridge Health, based in Baltimore, Maryland, is one of the largest, most comprehensive and most highly respected providers of health-related services to the people of the greater Baltimore area. LifeBridge Health advocates preventive services, wellness and fitness services, and educational programs. For more information, visit www.lifebridgehealth.org.
 
About Ellicott City Ambulatory Surgery Center 
 
Ellicott City Ambulatory Surgery Center is an Ellicott City, Maryland-based, multi-specialty, ambulatory surgery center with four operating rooms and one procedure room. Outstanding physicians from across Howard, Baltimore and Anne Arundel Counties perform surgeries and procedures at the Ellicott City Ambulatory Surgery Center. For more information, visit www.ellicottcityasc.com.
 
About HighBank Advisors LLC
 
HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Philadelphia, Pennsylvania and Raleigh, North Carolina, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and capital adequacy opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbankadvisors.com.
 
All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA and SIPC. HBS is a wholly-owned subsidiary of HighBank Advisors.