Cassel Salpeter Advises Coral Terrace Hospital in Acquisition of Westchester General Hospital from Sanitas USA
MIAMI – April 7, 2026 – Cassel Salpeter & Co. (“Cassel Salpeter”), an independent investment banking firm that provides advisory services to middle-market and emerging growth companies in the United States and worldwide, announced that it served as financial advisor to Coral Terrace Hospital, LLC in its acquisition of Westchester General Hospital, Inc., doing business as Keralty Hospital, from Sanitas USA, Inc. The transaction included the acquisition of the hospital and associated land in Miami, Fla.
Westchester General Hospital, located in Miami, Fla., is a community-based acute care hospital providing a comprehensive range of medical services, including emergency care, surgical services, and specialized treatment programs. Serving the South Florida community for decades, the hospital has built a strong reputation for accessible, patient-centered care.
Cassel Salpeter acted as investment banker to Coral Terrace Hospital, LLC, throughout a multi-year process, supporting the evaluation, structuring, and execution of the transaction.
“We are proud to have guided this hospital full-circle, having advised on its sale in 2020 and now supporting its acquisition by Coral Terrace Hospital,” said Cassel Salpeter Chairman James Cassel. “This transaction preserves a vital community hospital that has long been a heartbeat in South Florida. By acquiring both the operations and the associated property, Coral Terrace Hospital gains flexibility to grow in the healthcare market, while ensuring the hospital’s legacy continues to serve the local community for years to come.”
The Cassel Salpeter deal team was led by Chairman James S. Cassel and Director Laura Salpeter, with assistance from Senior Associate Edward Kropf.
The Coral Terrace Hospital team was led by Principals Ben Philipson and Leo Friedman.
The Sanitas team was led by Global Chief Executive Officer Sergio Martinez, Hospital Chief Executive Officer Juan Carlos Echandia Bautista, Chief Legal Counsel Guillermo De Lorenzo, and General Counsel Adriana Rivera-Montoya.
The Garfunkel Wild team, counsel to Coral Terrace, was led by Partners Andrew Schulson and Susan St. John.
The Greenberg Traurig team, counsel to Sanitas, was led by Shareholders Carol Barnhart and Anthony Fernandez.
About Cassel Salpeter & Co.:
Cassel Salpeter & Co. LLC is an independent investment banking firm providing advice to middle market and emerging growth companies in the United States and worldwide. The firm’s professionals have more than 150 years of combined experience advising private and public companies on a broad range of investment banking and financial advisory services, including mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, including 363 sales and plans of reorganization.
Cofounded by James S. Cassel and Scott Salpeter, the firm provides objective, unbiased, results-focused services grounded in rigorous analysis and transaction-specific insight aligned with each client’s objectives. The firm’s partners are personally involved at every stage of each engagement and have built long-standing relationships and completed hundreds of transactions and assignments nationwide.
The firm’s headquarters are in Miami. Member FINRA and SIPC. More information is available at www.casselsalpeter.com.
Editor’s note: Interviews available upon request.
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