Cain Brothers bulks up healthcare practice with new banker

Cain Brothers, a division of KeyBanc Capital Markets Inc., has hired Kyle Hemminger as it looks expand its healthcare practice.

Hemminger joined the healthcare public finance group in the Columbus, Ohio, office this month as a director to cover healthcare and senior living organizations nationally.

He joins a healthcare team that now totals 23 professionals located in the firm’s offices in San Francisco, New York, Jacksonville, Indianapolis, Pittsburgh, St. Louis, Los Angeles and Charlotte. They are part of a public finance team totaling 57 located in those eight offices.

Hemminger brings a decade of healthcare and senior living investment banking experience to the table and most recently was a managing director at Lument, formerly known as Lancaster Pollard, where he started in 2014. Hemminger previously served as a commissioned officer in the U.S. Army for five years prior to starting his public finance career.

“Kyle brings great healthcare experience to our platform where he can leverage his historical mortgage banking experience and client base by being able to offer a truly full suite of both capital markets and M&A solutions to his clients,” Bart Plank, co-head of Cain Brother’s healthcare group along with Zach Kau, said in a statement. Hemminger will report to both individuals.

“We continue to expand our healthcare platform on the heels of hiring Joe Pollock last summer,” Derek Chauvette, KeyBanc’s public sector and public finance head, said in the statement.

KBCM views healthcare as a primary growth pillar and added that it would “continue to aggressively, but strategically seek additional bankers at all levels to grow our healthcare team” as well as the broader public finance team.”

Cain is part of KeyBanc, the investment banking arm of Cleveland-based KeyCorp which acquired the specialty healthcare shop in 2017 to expand its healthcare focus. Cain was founded in 1982.