Kaufman, Hall & Associates, LLC (“Kaufman Hall”), a leading healthcare and higher education management consulting and advisory services firm, has acquired Healthcare Real Estate Capital, LLC (“HRE Capital”), a national advisory firm solely focused on the healthcare and higher education real estate capital markets sectors.

Kaufman Hall is a provider of world-class services in mergers and acquisitions, treasury and capital markets, strategic financial planning, and performance improvement to leading healthcare and higher education institutions across the United States. Kaufman Hall has a significant capital markets business, as evidenced by being ranked the No. 1 financial advisor in the United States in new healthcare debt for both long-term municipal public offerings and private placements 13 of the last 15 years, according to Thomson Reuters™ Municipal Market Analysis. In addition to a leading position on healthcare debt advisory, Kaufman Hall has served as advisor in hundreds of partnerships, mergers, and acquisitions assignments.

HRE Capital provides strategic consulting and transaction advisory services to many of the nation’s largest owners and operators of healthcare and higher education real estate, including for-profit and non-profit hospitals/health systems, universities/academic institutions, physician practices, developers, and institutional investors such as real estate investment trusts (REITs) and private equity firms, among others. HRE Capital has been involved with more than $14 billion of sector-specific real estate transactions across the United States since its founding in 2008.
R. Wesley Champion, managing director and chief executive officer of Kaufman Hall, noted that institutions in both sectors are currently experiencing a historic transformation impacting where and how they deliver services. In addition, investor demand and capital flows for healthcare and higher education real estate assets are accelerating, due to long-term stability in both sectors.

“Real estate is a very significant and valuable asset for healthcare and higher education institutions, and our clients need independent, strategic advice to guide their operational and financial decision making,” Champion said. “HRE Capital has unmatched experience in the niche real estate capital markets for both sectors and has close relationships with highly regarded institutional investors and developer/operators. Together, Kaufman Hall and HRE Capital will deliver the rigorous analytics, unwavering advocacy, and service excellence our clients rely on to a broader range of institutions and will help C-Suite leaders in healthcare and higher education unlock value in this critical financial asset.”

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