KeyBanc to Acquire Healthcare Investment Banking Firm Cain Brothers

NEW YORK CITY — KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), has agreed to acquire Cain Brothers & Co. LLC, a New York City-based investment banking firm focused on the healthcare industry, including seniors housing.

Following the closing of the transaction later this year and upon receipt of regulatory approvals, Cain Brothers will maintain its brand name and go to market as a division of KeyBanc Capital Markets.

The combined platform will bring together two similar firms. Key says it saw an opportunity to expand its capabilities in a growing healthcare space by combining Cain Brothers’ healthcare-focused M&A and public finance capabilities with Key’s debt capital markets, leveraged finance, equity capital markets, payments and other corporate banking services. 

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