Hammond Hanlon Camp LLC ("H2C") Advises on the Sale of Southern Maryland Hospital Center in Clinton, Maryland to MedStar Health

NEW YORK --(Business Wire)--

Hammond Hanlon Camp LLC ("H2C"), a healthcare-focused investment banking firm, served as exclusive financial advisor to Southern Maryland Hospital Center, leading the sales process to conclusion. H2C highlighted to bidders Southern Maryland Hospital Center's long history as an essential acute care provider on the Southern Maryland Peninsula and the hospital's strong potential for organic growth. Through a carefully managed sales process, H2C was able to obtain several highly competitive bids with fully negotiated asset purchase agreements prior to final selection of MedStar Health as a partner. The process focused on finding bidders that combined both leading healthcare delivery organizations with well-known academic medical centers. As a result of H2C's experience in sell side transactions, H2C maximized the purchase price, and secured significant future capital expenditure investments to grow the hospital's services. H2C completed the process from onset to closing within nine months.

"H2C did an excellent job in the sale of Southern Maryland Hospital Center. The H2C team performed superbly, created a robust auction for Dr. Chiaramonte's life's work, and ensured the hospital's continued importance in the community for generations to come," said Michel Chiaramonte, CEO of MedStar Southern Maryland Hospital Center. Venable LLP served as attorney for Southern Maryland for the transaction, and advised on tax, regulatory and real estate related issues. The accounting and management consulting firm SC&H Group, LLC provided accounting and certain due diligence services.

About Hammond Hanlon Camp - Hammond Hanlon Camp LLC is an independent investment banking and financial advisory firm, with an exclusive focus on the healthcare community and related organizations. The firm traces its heritage back almost 30 years through its predecessor organizations, including Shattuck Hammond Partners. H2C's principals have served as lead advisors on transactions in the healthcare industry totaling more than $40 billion. The company serves clients across the nation from offices in Atlanta, Chicago, New York and San Diego. H2C's bankers have a long track record of success in hospital mergers & acquisitions and are currently acting as financial advisor on sell-side and buy-side healthcare transactions nationwide.

About MedStar Southern Maryland Hospital Center - Founded in 1977, MedStar Southern Maryland Hospital Center is a 262-bed full service hospital serving the Washington, D.C., and southern Maryland areas. Throughout the hospital's history, it has remained a community leader, a strong supporter of healthcare education, and a dedicated advocate for quality healthcare services.

About MedStar Health - MedStar Health combines the best aspects of academic medicine, research and innovation with a complete spectrum of clinical services to advance patient care. Recognized regionally and nationally for excellence in medical care, MedStar is the largest healthcare provider in Maryland and the Washington, D.C., region with 10 hospitals and a comprehensive network of outpatient centers and physician offices. MedStar has one of the largest graduate medical education programs in the country, training more than 1,100 medical residents annually, and is the medical education and clinical partner of Georgetown University. MedStar Health is a $4.2 billion, not-for-profit, regional healthcare system based in Columbia, Maryland, and is also one of the largest employers in the region. Its 27,000 associates and 5,600 affiliated physicians all support MedStar's patient-first philosophy that combines care, compassion and clinical excellence with an emphasis on customer service.