Josh Brown
Director
San Diego, CA
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Summary
Experienced healthcare and licensed real estate professional with extensive experience in healthcare business development and valuation. Proven success originating and executing healthcare financing transactions in excess of $1 billion, including healthcare real estate sale-leaseback and mortgage financing. Extensive industry contacts and expertise with healthcare-focused debt and equity capital providers, REITs, and strategic buyers and sellers.
Experience
2016
Feb
-
Present
Director
OXFORD FINANCE, LLC / San Diego, CA
- Establish and develop client relationships and collaborate with transaction team in due diligence meetings and prospectus drafting sessions for transactions in the post-acute healthcare industry.
- Build, expand and maintain direct lending relationships
- Partner with clients and executive leadership to understand strategic priorities and provide capital solutions, when appropriate, in the areas of capital markets and investment banking
- Provide traditional asset-based and leveraged debt financings insupport of working capital, real estate, strategic acquisitions, and corporate reorganization
- Report directly to group head and collaborate with credit team to identify, negotiate, and structure deals through the closing process while delivering exceptional client care
- Oversee business development for the Western half of the United States, specializing in the origination of senior, mezzanine, and real estate term loans, asset-based and cashflow loans to the healthcare industry.
- Determine clients’ short- and long-term capital needs and objectives to recommend and execute the optimal capital structure.
- Originated and executed over $200 million in healthcare transactions with over an 80% closing rate.
- Completed $40 million dividend recapitalization credit facility for a California based skilled nursing company.
- Completed $20 million revolving line credit for a skilled nursing company with over twenty facilities in multiple states.
- Completed $55 million senior credit facility in multiple tranches over a series of transactions for a California-based skilled nursing company with over seven facilities across two states. Leveraged established network to engineer an off-market propriety deal for existing client.
CREATIVE HEALTH CAPITAL, LLC, Chicago, IL 2007 – 2016 Creative Health Capital is a merchant bank focusing exclusively on the healthcare industry. The firm’s mission is to advise and partner with healthcare provider, healthcare facility, and healthcare services companies in building businesses, creating, and unlocking value through strategic financial solutions.
Vice President
- Advise and partner with healthcare services companies in building businesses, creating and unlocking value through financial solutions.
- Strategic recapitalizations and mergers & acquisitions
- Place private debt placements and provide M&A advisory services
- Manage non-control private equity positions
- Real estate investment advisory for clients including acquisitions, underwriting, due diligence, capital markets and asset management.
- Originated and executed over $480 million in healthcare financings resulting in approximately 30% of revenue.
- Completed $80.5 million sale-leaseback debt recapitalization with a $15 million credit facility for a skilled nursing company.
- Completed $42 million sale-leaseback debt recapitalization for a specialty hospital company.
- Completed $45 million senior debt recapitalization for a senior housing company.
- Completed $300 million senior debt recapitalization for a specialty hospital company. WELLSPRING VALUATION, LTD., Chicago, Illinois 2001-2006 WellSpring Valuation, LTD. delivered independent valuation and consulting services to assist clients in making informed decisions for transaction, tax or litigation purposes. Full-service capabilities included financial, equipment and real estate service lines that provided clients with comprehensive solutions to meet their valuation and consulting needs.Senior Project Manager
- ● Performed valuations of capital equipment assets including machinery and equipment, furniture, fixtures and computer equipment for large healthcare corporations utilizing cost, market and income approaches.
- ● Performed appraisals of property records, purchase-price allocation, financing valuations, insurance valuations, construction cost and segregation studies.
- ● Consistently met deadlines under budget, set priorities among competing requirements, communicated effectively with managers and executives, and cultivated positive working relationships with clients to efficiently deliver healthcare valuations.
- ● Managed projects of increasing value and scope. Healthcare corporations have PP&E ranging $10M to $220M.
- ● Annually exceeded company utilization rate by at least 15%; travel extensively throughoutUS.CBIZ VALUATION GROUP, Chicago, Illinois 1997 – 2000 CBIZ (NYSE: CBZ) is a professional services company providing comprehensive business services, products and solutions. Healthcare clients included ambulatory surgical centers, clinical labs, home health agencies, nursing homes, clinics, pharmaceutical companies and hospitals. Healthcare valuation services included: M&A/Joint Ventures, Physician Compensation and Physician Practice Acquisitions, and Real Estate property valuation.Valuation Consultant
- ● Performed valuations in healthcare, industrial and information systems, and cinematic post- production. Clients included AT&T, IBM, Liberty Livewire, and various for- and not-for-profit health care companies.
- ● Provided reconciliation and asset management services including consulting, inventory and property control for real and personal property, calculating property depreciable lives and cost allocation.
- ● Implemented fixed asset inventory systems for various healthcare organizations.
- ● Recruited by group founder for employment at Wellspring Valuation.
Education
2003
McMaster University
Bachelor of Arts (Honors BA)
MCMASTER UNIVERSITY, Ontario, Canada
Bachelor of Arts (Honors BA)
Dean’s List in 2000/2001
UNIVERSITY OF BRITISH COLUMBIA, British Columbia, Canada
Liberal Arts & Science Major, 1994-1996
Outstanding Student Scholarship for academic excellence
Skills
