Raymond James hires veteran banker Patrick McCarthy as co-head of Healthcare Finance group

ST. PETERSBURG, Fla. – Raymond James announced that Patrick McCarthy has joined the firm’s Healthcare Finance group as a managing director and co-head based in the firm’s New York City office. With more than 30 years of investment banking experience focused exclusively on the healthcare sector, he will provide sophisticated counsel to hospitals, integrated delivery systems and academic medical centers across the country.

“Patrick is a highly regarded banker with a time-tested track record of success and delivering strategic financing solutions to clients,” said Gavin Murrey, executive vice president and head of Public Finance/Debt Investment Banking at Raymond James. “His sector expertise is the perfect complement to our respected healthcare practice and strengthens our commitment to offering exceptional client service to our not-for-profit healthcare clients.”

McCarthy joins Raymond James from Wells Fargo, where he most recently served as the head of not-for-profit healthcare investment banking, after spending most of his career at Goldman Sachs as a managing director in the tax-exempt healthcare group. McCarthy has extensive experience structuring and executing bond transactions, interest rate swaps and strategic merger and acquisition transactions for both community-based hospitals and multi-state healthcare systems. In addition, he has worked closely with a wide array of management teams and boards to provide strategic, credit and capital planning advisory services for numerous healthcare issuers throughout the country.

“Raymond James has a first-class team of healthcare finance professionals across the country, and I’m thrilled to join such a dynamic group,” said McCarthy. “With the backing of a strong distribution network, we will deliver superior execution and results to a broad range of premier healthcare clients.”

Consistently ranked as a top 10 underwriter of municipal bonds nationally, according to Bloomberg,* Raymond James has one of the largest public finance practices in the country with approximately 180 professionals in 38 locations nationwide. The firm offers municipal issuers a comprehensive distribution platform and the largest middle market sales force of any U.S. broker/dealer. Raymond James Healthcare Finance group comprises 14 bankers in four offices across the country. Additional information is available at rjhealthcarefinance.com.

*Rankings based on par 2015 – 2021. Past performance is not indicative of future results.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.15 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.