House Calls
Cain Brothers, a division of KeyBanc Capital Markets
Welcome to House Calls, where we talk to investment bankers from Cain Brothers, a division of KeyBank Capital Markets Inc. These bankers are working in some of the most interesting segments of healthcare, with organizations and business models that are helping to change the US healthcare industry. Host David Johnson is a recovering investment banker who discovered he’s actually a journalist and started 4sight Health, a thought leadership and advisory company. Johnson leads the conversation as he and a Cain Brothers banker examine many fascinating corners of healthcare undergoing market-driven change.
The opinions expressed by the guest speaker in the House Calls and Quick Hits podcasts are not necessarily those of Cain Brothers, a Division of KeyBanc Capital Markets, or any of its affiliates. The podcast is provided for informational purposes only, does not constitute research, legal, regulatory, tax, accounting, or investment advice, and should not be regarded as a recommendation or a solicitation. "Cain Brothers, a division of KeyBanc Capital Markets” is a trade name of KeyBanc Capital Markets Inc. Member FINRA/SIPC.
KeyBanc Capital Markets Inc. and KeyBank National Association are separate but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank National Association.
The opinions expressed by the guest speaker in the House Calls and Quick Hits podcasts are not necessarily those of Cain Brothers, a Division of KeyBanc Capital Markets, or any of its affiliates. The podcast is provided for informational purposes only, does not constitute research, legal, regulatory, tax, accounting, or investment advice, and should not be regarded as a recommendation or a solicitation. "Cain Brothers, a division of KeyBanc Capital Markets” is a trade name of KeyBanc Capital Markets Inc. Member FINRA/SIPC.
KeyBanc Capital Markets Inc. and KeyBank National Association are separate but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank National Association.
Episodes
Mentioned books
May 22, 2025 • 11min
Quick Hits: Now It’s Medicaid’s Turn
Mike Elizondo, Managing Director at Cain Brothers, dives into the intricate world of Medicaid funding. He explains why Medicaid's complexities pose challenges for states, particularly amidst potential funding cuts. Elizondo highlights the diverse approaches states take and the political hurdles involved in proposing changes. He also discusses the looming economic uncertainties and their potential impact on Medicaid. Listeners gain insight into investment opportunities within this evolving landscape, making it a hot topic for healthcare financiers.
May 15, 2025 • 12min
Quick Hits: History Repeats Itself - No Margin, No Mission, Therefore Reality Drives Healthcare M&A
Cain Brothers’ Managing Director Todd Rudsenske talks with Dave about the debate over the impact of for-profit enterprises on healthcare in the early 1990s – and why the same challenges, trends, and market needs are still in play today. Cain Brothers is a division of KeyBanc Capital Markets.
Apr 2, 2025 • 13min
Quick Hits: The Intersection Of Specialty Cancer Care And Private Equity Investment
Cain Brothers’ Managing Director Patrick Allen talks about the growing role of private equity in the $209 billion cancer care market. As treatments become increasing specialized, complex and costly, the need to coordinate specialty physicians and ancillary care services has created compelling opportunities for investment. Cain Brothers is a division of KeyBanc Capital Markets.
Feb 26, 2025 • 13min
Quick Hits: The Duals Opportunity
Cain Brothers’ Managing Director Stacy Guffanti talks about the challenges of delivering and administering care for the nation’s 12.8 million dual eligible beneficiaries and how new policy initiatives will increase market interest in Medicaid M&A and higher acuity programs. Cain Brothers is a division of KeyBanc Capital Markets.
Feb 19, 2025 • 12min
Quick Hits: The Rate of Hospital Consolidation in the US - Too Little, Too Slow.
Cain Brothers’ Managing Director David Cohen talks about the rate of hospital consolidation in the US and why hospital operates are unlikely to match the level of concentration of managed care organizations. Cain Brothers is a division of KeyBanc Capital Markets.
Dec 23, 2024 • 52min
Restoring the Roar: Private Equity’s Insights on the Recovering M&A Markets and Unique Investment Perspectives for 2025
At Cain Brothers’ Annual Private Company Healthcare Conference in New York, Managing Director Matt Margulies led a panel discussion with private equity leaders about a range of strategic issues including Medicare Advantage, value-based care, PBM and pharmacy market dynamics, opportunities in pediatric home health, and challenges with provider investments. Cain Brothers is a division of KeyBanc Capital Markets.
6 snips
Dec 16, 2024 • 58min
Disruptive Healthcare Purchasing by Self-Insured Employers
Donald Trigg, CEO of apree health, and Glenn Tullman, CEO of Transcarent, share their insights on how self-insured employers can reshape healthcare costs and experiences. They dive into innovative purchasing strategies that prioritize consumer empowerment and enhance transparency in the healthcare marketplace. The discussion highlights strategies to tackle the affordability crisis, the role of technology in improving access, and novel models like CB2E2 that promise better care outcomes. Their vision points towards a future where healthcare is truly consumer-driven.
Nov 7, 2024 • 12min
Quick Hits: Back to the Future - Self-Directed Care in the U.S.
Matt Margulies, Managing Director at Cain Brothers, dives into the booming self-directed care market in the U.S. home healthcare sector. He explores how this model empowers individuals to choose their caregivers, creating personalized care relationships. Margulies also highlights the economic impact of unpaid family caregiving, particularly as Medicaid expands. Additionally, he tackles the complexities of self-directed care in New York, focusing on Javon's Paradox, balancing efficiency with demands for access and quality.
Oct 22, 2024 • 44min
What’s Happening to Medicare Advantage? A Panel Discussion
Between lawsuits, recalculated payments, and health plans leaving markets, Medicare Advantage has been in the news a lot recently. The Cain Brothers Managed Care team digs in on what’s happening, why, and how MA will likely evolve over next year and beyond. Cain Brothers is a division of KeyBanc Capital Markets.
Sep 5, 2024 • 25min
Health Systems, Private Equity, and the Government: It’s Complicated
Wyatt Ritchie, Managing Director and Head of Cain Brothers, dives into the complex dynamics of private equity in healthcare. He discusses whether private equity is the root of healthcare's challenges or part of the solution. Ritchie explores specific partnerships, like Novant Health and TPG Capital, and the shift toward community-focused care. The conversation also emphasizes the need for innovative strategies and government intervention to enhance American healthcare, contrasting it with more centralized systems like Canada's.
