Cain Brothers hires Maura Davalos for its healthcare group
Cain Brothers has hired Maura Davalos as a director in its Healthcare Public Finance Group in Jacksonville, Florida.
Davalos will be responsible for originating and underwriting Federal Housing Administration-insured financings for hospitals and health systems across the U.S.
Davalos brings a depth of financing experience to Cain's platform, particularly in the areas of the FHA's Section 242 hospital mortgage insurance program, said Zach Kau, co-head of the public finance group with Bart Plank.
"In partnership with our healthcare investment bankers, Maura will help us to expand and grow our hospital finance business," Kau said.
Section 242 of the National Housing Act provides mortgage insurance for acute-care hospital facilities ranging from large teaching institutions to small rural critical access hospitals, according to the FHA's website.
Davalos has nearly 20 years of experience in the FHA hospital mortgage funding business, the company said, adding that she has prepared and assisted in managing more than $2.2 billion in hospital mortgage insurance applications.
Previously, Davalos served as senior vice president at AMS Health Care Mortgage Corp., working with hospital clients.
Cain Brothers is a healthcare investment bank focused on mergers and acquisitions, debt and equity financing, and financial advisory services to the healthcare, medical technology and life science industries across the country.
The firm is a division of Cleveland, Ohio-based KeyBanc Capital Markets.