Deaconess Hospital, LLC was an acute care, community-based hospital located in the “Old Brooklyn” neighborhood on the near West Side of Cleveland, Ohio. Deaconess was a for-profit, independent hospital providing full medical services including inpatient and outpatient medical and surgical services.
MelCap Partners acted as the investment banker and financial advisor as part of a plan of reorganization under §363 of the Chapter 11 Bankruptcy Code to Deaconess Hospital.
Deaconess and its affiliates, Pearlview Square, Inc. and Indoga, Inc., were sold to The MetroHealth System, a 728-bed public teaching hospital.
“MelCap’s tenacity is what you want on your side when dealing with such a complex project. Their relentless pursuit for buyers, good communication with all involved, and staying the course culminated in the successful sale of the property.”
Dr. George Saad
President of Deaconess
Providing the Services Business Owners Need For Nearly Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Client: Deaconess Hospital
- Category: Corporate Restructuring, Healthcare, Sell-Side M&A