ATLANTA (Dec. 12, 2006) – Lancaster Pollard has brought two new associates into its Atlanta office to serve its rapidly-growing clientele of hospitals, senior living organizations and affordable housing providers in the southeast.
Health care associates Ritchie Dickey and Marcus Stallings will provide investment banking and mortgage banking services in Georgia, South Carolina and Tennessee.
“Hospitals and senior living providers have been actively adapting to new technologies and changes in patient and resident demands. We also are seeing demand for financing to develop and preserve affordable housing,” Lancaster Pollard Chief Executive Officer Thomas R. Green said. “We expect our expansion will offer providers in the southeast enhanced access to the financing they need for construction, renovation and other capital projects.”
Mr. Dickey joins the Atlanta office after working at the Columbus, Ohio, headquarters, where he provided support on a range of health care bond transactions and mortgage loans for rehabilitations, new construction and refinance projects totaling more than $100 million. Mr. Stallings most recently acted as director of acquisitions for Atlanta’s PSA Healthcare and was manager of finance and acquisitions for Nashville, Tenn.-based Community Health Systems, where, during his tenure, the company purchased 28 hospitals for over $970 million. Both associates will be responsible for providing debt financing and other financial advisory services, such as interest rate risk management and acquisition and divestiture solutions, to health care, senior living, and affordable housing organizations.
Lancaster Pollard was founded in 1988. Over the past four years, it has increased its staff by 144 percent while opening offices in Denver, Atlanta, Austin, Texas, and Lawrence, Kan. It was named a 2006 regional Ernst & Young Entrepreneur of the Year Award winner.
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