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Press Release
TOP HEALTHCARE BANKING EXECUTIVES FORM WINDSOR HEALTHCARE
New Company Will Focus on Equity Investments in Long-Term and Acute Care
Monday, April 23, 2007
BALTIMORE, MD (4/2307) --- Two of the Mid-Atlantic’s foremost healthcare banking executives, William N. Apollony and Leigh T. Howe, are joining forces with private investment firm Wexford Equities to launch a new company.
Windsor Healthcare will focus on investments and equity positions in long term care and acute care facility development, leveraging its two principals’ 50-plus years of combined experience in the healthcare industry,
Long term care facilities include nursing homes, assisted living, and continuing care retirement communities, while acute care encompasses medical offices, physicians groups, surgery centers, and hospitals. Healthcare as a sector is one of the nation’s largest industries, with $2 trillion in revenues.
“Our game plan is to use our extensive expertise in healthcare banking, our strong referral network, and deep healthcare relationships that stretch from Florida to New England to the Midwest in order to position Windsor Healthcare as a long-term partner for proven healthcare facility operators, providing access to a substantial source of private equity in order to deliver high-quality healthcare services,” says Mr. Apollony.
“We’ve seen the issues and concerns that healthcare facility operators have, and know the cycles that they experience,” adds Ms. Howe. “We know what factors are required for successful operations and are in a unique position to determine opportunities that provide the potential for the greatest return on investment. It’s that kind of knowledge that we intend to leverage so that all of the players in a development – the operators, the bankers, and the investors – win.”
Both Mr. Apollony and Ms. Howe were members of M&T Bank’s Healthcare Banking Group prior to starting Windsor Healthcare. Mr. Apollony served as Senior Vice President and Healthcare Banking Group Head, while Ms. Howe was Administrative Vice President and Long Term Care Unit Manager.
Mr. Apollony established the Healthcare Banking Group when he joined Allfirst in 1988 (Allfirst subsequently was acquired by M&T Bank). He previously served as Vice President and Unit Head of the Healthcare Banking Group at Equitable Bank, NA.
Ms. Howe joined the bank in 1995 after 17 years at Bank of America, where she held various positions within the Corporate Bank, including seven years in Healthcare Banking and three years in Real Estate Administration.
“The principals of Windsor Healthcare are seasoned, experienced, and highly capable healthcare investment specialists possessing an extensive contact database and one of the strongest referral networks in the industry, which we anticipate will lead to a stream of viable new business opportunities,” says James R. Berens, President of Wexford Equities.
Wexford Equities is a private investment company headquartered in Hanover, Maryland. In addition to its involvement with Windsor Healthcare, Wexford Equities owns Wexford Science + Technology, the firm that develops research and development projects for research institutions including the University of Maryland BioPark in Downtown Baltimore.
“There is a business synergy between the healthcare emphasis of Windsor and the research projects developed by Wexford Science + Technology for universities and medical centers,” notes Mr. Apollony. As a result of that synergy, Wexford Equities intends to co-brand the companies.
Mr. Apollony and Ms. Howe will continue to serve in an advisory capacity at M&T Bank in the short-term as they transition to their new positions leading Windsor Healthcare. They anticipate that transition will be complete by the end of May.
For more information about Wexford Equities, visit www.wexfordequities.com
Wexford Science+Technology
7312 Parkway Dr.
Hanover, Maryland 21076
t 410.579.4005
f 410.579.4890