Cain Brothers & Company, LLC is a boutique investment banking

Investment banking

An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

 firm that focuses exclusively on the medical services and medical technology industries and their related businesses.

History

Cain Brothers was founded in 1982 by Jim and Dan Cain based on the belief that health care organizations in the United States

Health care in the United States

Health care in the United States is provided by many separate legal entities. Health care facilities are largely owned and operated by the private sector...

 have unique needs that can be best addressed by professionals with knowledge of the health care delivery system as a whole. As a result, the firm’s clients are composed of nonprofit, publicly traded, and privately held health care service providers, such as hospitals, ambulatory care

Ambulatory care

Ambulatory care is a personal health care consultation, treatment or intervention using advanced medical technology or procedures delivered on an outpatient basis Ambulatory care is a personal health care consultation, treatment or intervention using advanced medical technology or procedures...

 centers, and physician groups; third-party payors like the Blue Cross Blue Shield companies; medical technology companies

Medical technology

Medical Technology encompasses a wide range of healthcare products and is used to diagnose, monitor or treat diseases or medical conditions affecting humans. Such technologies are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and...

; and companies that provide services to the health care industry such as information technology

Information technology

Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

 and real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 companies. Robert Fraiman Jr. was announced the new CEO and President on January 1, 2010, taking the reins from Jim Cain who will remain on the firm’s executive committee.

Headquartered in New York, Cain Brothers has expanded alongside of the health care industry’s overall rapid growth, and the firm now has personnel in nine U.S. locations.

Cain Brothers is active in mergers and acquisitions

Mergers and acquisitions

Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

 as exemplified by its representation in 2010 of Caritas Christi Health Care

Caritas Christi Health Care

Caritas Christi Health Care was a non-profit Roman Catholic healthcare system in the New England region of the United States. It was established in 1985 and was the second largest healthcare system in New England. In 2010, Caritas Christi was sold to the private equity firm Cerberus Capital...

 in its sale to Cerberus Capital Management

Cerberus Capital Management

Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by -year-old financier Steve Feinberg. Former U.S...

 and its representation in 2008 of BlueCross Blue Shield of Tennessee and The Regence Group as they joined the private equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 firm Apax Partners

Apax Partners

Apax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised...

in taking private The TriZetto Group .

In recognition of the stresses being placed on the health care system by the third quarter 2008 economic downturn and financial market meltdown, the firm expanded its financial restructuring group, which advises distressed companies and creditors in bankruptcy situations and in out-of-court alternatives.