Healthcare Transactions Landscape: A Panel Discussion

Jeff Nahley is a 30+ year investment banker who started his career in the New York Corporate Finance Group with Bankers Trust Company (BT) in 1986. During his seven years with BT, Jeff completed a variety of Debt financing, High Yield, M&A and Advisory assignments. Before moving to Nashville, TN in 1993, Jeff was a Vice President in BT's New York Mergers & Acquisitions group. Since moving to Nashville, Jeff has been a Partner/Shareholder and senior Managing Director with three middle market boutique investment banks, Equitable Securities, Avondale Partners and Signal Hill Capital. His investment banking experience includes completion of more than 100 transactions in the Debt Capital Markets, Equity Capital Markets, and Mergers & Acquisitions arena. Jeff joined BoA Securities' Investment Banking Group in July 2019, and is based in Nashville. His practice efforts within BoA primarily focus on Healthcare Services clients and transactions throughout the US.

He is a graduate of Middlebury College and Columbia Business School.

Darron has over 30 years of experience in the healthcare industry. He is a partner in KPMG's Deal Advisory practice focusing on the healthcare sector. Darron has worked for both private equity and strategic buyers relating to financial and commercial due diligence both from a buy side and sell side perspective.

Darron has led numerous due diligence projects during the past 25 years in various sectors of the healthcare industry. Darron's sector experience includes healthcare providers [hospitals (acute, psychiatric, rehabilitation, LTAC, etc.), home health/hospice, long term care, assisted living, physician practices, surgery centers, infusion, dialysis centers, imaging centers, skilled nursing, etc.], managed care health plans and related back office operations, healthcare service providers and medical supplies/equipment manufacturing and distribution companies.

Darron incorporates an integrated team of KPMG professionals to address financial, tax, commercial, operational, carve out/stand alone costs, information technology, compliance and back office due diligence issues for his clients and provides a single deliverable to the client with the combined engagement team findings. When necessary, services relating to valuation, integration and actuarial services are also provided.

Darron has assisted his clients in diligence projects when they are the acquiring entity and also when they are disposing of assets. Sell side assistance services range from pre-sale due diligence for the sellers internal use only as well as data room assistance, carve-out financial statement support and due diligence for sellers to provide to potential buyers.

As a senior manager within PYA's valuation services group, Matt provides business valuation and related advisory services for a variety of entities, including physician practice groups, joint ventures, hospitals, and health systems. He has significant experience evaluating compensation and service arrangements between health facilities and physicians. Additionally, he provides litigation consulting services related to lost profits, merger-and-acquisition transactions, wrongful termination, and marital dissolution matters.

Justin has served in several transaction-focused roles since joining HCA Healthcare in 2010. He supports the assessment, valuation and transaction of healthcare services businesses across the United States and in the United Kingdom. Justin's experiences range from developing local physician-hospital relationships, to growing a health system's network through the acquisition of outpatient and post-acute services, to partnering with hospitals and health systems. Prior to HCA Healthcare, Justin started his career advising healthcare clients as a consultant for J Taylor & Associates.

Justin is licensed by the State of Tennessee as a Certified Public Accountant. He received a Master of Accounting degree from Belmont University as well as a Master of Business Administration degree from Texas Christian University. He received a Bachelor of Science degree in Biochemistry and Molecular Biology from the University of Richmond. He resides in Nashville and supports several Nashville nonprofits including serving on the advisory board of St. Augustine's Chapel.