LifeBridge Health/Carroll Hospital merger selected as 2015 Deal of the Year
The Maryland chapter of the Association for Corporate Growth (ACG), a global organization focused on driving middle-market growth, is pleased to recognize The LifeBridge Health/Carroll Hospital Merger as the recipient of the 2015 Deal of the Year Award.
Beginning in 2012, Carroll Hospital’s Board of Directors began the process of exploring the possibility of an affiliation or merger to fully implement their “Vision 2020” strategic plan. In support of their goals, they determined the need to form a partnership with a health system that could complement their community vision and mission. They performed a full market process taking a year to select LifeBridge, the 4th largest health system in Maryland, as their partner. Upon completion of this transaction, Carroll Hospital doubled the employed physicians within their network, expanded their women and children’s clinical delivery model, cardiovascular services, cancer related services, surgical services, primary care, senior health and population health services. Carroll Hospital the sole hospital and the 2nd largest employer in Carroll county. Shortly after the deal closed, LifeBridge issued $175 million in new bonds and in June 2015, Moody’s Investors Service assigned an A1 rating to the bonds.
The Deal of the Year Award recognizes and honors business transactions, including mergers and acquisitions, financings, and alliances, that have impacted our region, and highlights those companies and individuals who were successful in their pursuit of corporate growth through such activity between January 1, 2015 and December 31, 2015.
Over the next several days see the videos of our finalists including; ABS Capital Partners’ Investment in Bambeco; Strategic Transformation of LookingGlass Cyber Solutions and Merkle’s acquisition of Periscopix.
For a full list of the Deal of the Year Award Nominations and Finalists, CLICK HERE. Our nominees and finalists were honored at the Deal of the Year Celebration on March 16, 2016 at the Baltimore Museum of Industry.
About ACG Maryland
ACG Maryland’s 150+ members are the investors, owners, executives, lenders and advisers to the area’s fastest-growing middle-market companies. ACG Maryland is a chapter of ACG, a global organization, founded in 1954 with 57 chapters and over 14,500 members. The Maryland chapter has been operating for over 30 years. Learn more at www.acgmaryland.org. ACG drives middle-market growth.