Home Investing Strategy Investment banker helps steward Sanford Health’s resources

Investment banker helps steward Sanford Health’s resources

by WOOWinvest
0 comment
Investment banker helps steward Sanford Health’s resources

With four decades of investment banking experience and a focus on health care, Jim Cain knows the industry well.

The Harvard College graduate co-founded health care banking investment company Cain Brothers in New York City, New York, in 1982 with a focus on corporate and not-for-profit entities. In 2017, Cain Brothers was acquired by KeyBanc Capital Markets, Inc .

Cain’s relationship with Sanford Health started in 2010 through an introduction from a previous leader of what was then Sioux Valley Hospital.

In 2015, Cain joined the Sanford Health Board of Trustees.

“It’s been a great experience,” he said. “The people at Sanford Health are exceptional in many ways. They’re smart, they’re hard-working but they’re genuine Americans and easy to work with.”

As a board member, Cain’s focus is on strategy.

“The financials speak for themselves,” he said. “You can look at the numbers and the volumes et cetera and make a determination. Those numbers are kind of in black and white, but strategy is increasingly important.

“I want to make sure I have my arms around exactly what (Sanford Health) is doing and why they’re doing it,” Cain explained. “And whether it’s the best use of their resources and time. Everybody only has 24 hours in a day, and you want to make sure you’re spending your time and resources wisely.”

Through the years, Cain has noticed a shift in health care from a community service to a business. He said when you take a step back, Sanford Health is still “incredibly dedicated” to the patient.

“Whether it’s someone in Sioux Falls or anywhere in the footprint, providing the best medical attention is a real priority for Sanford,” he said.

About the Board of Trustees

The Sanford Health Board of Trustees is a group of business, health care industry and community leaders responsible for governing the strategy and overall direction of Sanford Health.

Related: Meet Sanford Health Board of Trustees chair Neil Gulsvig

For a non-profit health care organization with nearly 50,000 employees and a region spanning 250,000 square miles, that’s no small task.

The 13-member board oversees governance for the health system, guiding the pursuit of Sanford’s mission and providing oversight of the organization’s strategic direction and financial and operational performance.

Learn more

Posted In Company News, Leadership in Health Care

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy