Piper Jaffray Expands Healthcare Investment Banking with Hiring of Patrick Allen

08/02/2018 | 01:01:03 PM

Managing director Patrick Allen will advise hospitals, health systems and payer organizations from the firm’s Chicago office

CHICAGO--(BUSINESS WIRE)--Aug. 2, 2018-- Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the addition of Patrick Allen as a managing director within healthcare investment banking. Allen joins Piper Jaffray with more than 20 years of investment banking advisory experience and will be based in the firm’s Chicago office.

Prior to joining Piper Jaffray, Allen was a managing director and co-head of mergers and acquisitions (M&A) at Kaufman Hall & Associates, where he advised hospitals, health systems and physician practices, and was instrumental in helping to establish the firm’s M&A practice. Prior to Kaufman Hall, Allen served as director of healthcare M&A at CIT Group and as a principal at Alliant Partners. Earlier in his career, he worked in the investment banking groups at UBS and Lincoln International. Allen earned a bachelor’s degree in political science from Santa Clara University and a Master of Business Administration degree, with a concentration in finance, from Loyola University Chicago.

“Patrick represents an important addition to our healthcare platform. With two decades of experience advising hospitals, health systems and payer organizations, he brings deep expertise that will allow us to serve a broader cross-section of clients,” said J.P. Peltier, global group head of Piper Jaffrayhealthcare investment banking.

“We are very excited to welcome Patrick and his M&A track record on the hospital and payer side,” added Steve Proeschel, head of healthcare public finance at Piper Jaffray. “This expanded presence will serve existing clients in new ways. We look forward to partnering with Patrick and his team.”

Piper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through five separate investment advisory affiliates―U.S. Securities and Exchange Commission (SEC) registered Advisory Research, Inc., Piper Jaffray Investment Management LLC, PJC Capital Partners LLC and Piper Jaffray & Co., and Guernsey-based Parallel General Partners Limited, authorized and regulated by the Guernsey Financial Services Commission.

Follow Piper Jaffray: LinkedIn | Facebook | Twitter

© 2018 Piper Jaffray Companies. 800 Nicollet Mall, Suite 1000, Minneapolis, Minnesota 55402-7036

Source: Piper Jaffray Companies

Piper Jaffray Companies
Pamela Steensland, 612-303-8185