BIRMINGHAM, Ala. – The Sanders Trust (TST), a Birmingham-based company specializing in the acquisition and development of on-campus medical office buildings, today named Steve Hewett as senior vice president.
Hewett brings more than 20 years of diversified financial management experience to TST. In his new role, Hewett will focus primarily on arranging debt and equity financing as needed for portfolio expansion, risk management and business development.
“Steve has significant experience in the acquisition, financing and development of healthcare facilities,” said TST Chief Executive Officer Rance Sanders. “He possesses the strategic insights, industry experience, seasoned relationships and capital markets expertise necessary to facilitate our organization's continued growth. Steve is a proven leader, and we are excited to have him play a key role for us.”
TST has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired over 41 medical properties in 14 states, totaling almost $500 million in value.
Since 2002, Hewett has been actively engaged in a variety of real estate acquisition and development projects. The largest project to date involved the acquisition and development of approximately 450,000 sq. ft. of medical office space. Hewett's experience includes raising private equity and arranging financing for numerous project types.
Prior to this, Hewett served as treasurer and chief financial officer for Quorum Health Group, Inc. (traded on NASDAQ; now part of CHS), where he was responsible for overseeing all accounting, tax and treasury functions for a corporation that reports $1.5 billion-plus in revenue, management via contract for more than 200 hospitals and ownership of more than 20 hospitals.
Hewett's early career included 14 years of commercial banking experience with AmSouth Bank, much of which was focused on the healthcare sector. While at AmSouth, he founded the Healthcare Banking Services Department, which continued to flourish after the merger with Regions Financial Corporation. Hewett has extensive experience in financing acute care hospitals, medical professional buildings, diagnosis and rehabilitation centers, skilled nursing facilities and other sites located on hospital campuses.
Hewett holds a B.S. in Corporate Finance/Investments and an M.B.A. from The University of Alabama System and has completed The Stonier Graduate School of Banking Executive Program at The University of Delaware, graduating with honors.
For more information on The Sanders Trust or to reach either Steve Hewett or Rance Sanders, please contact Audrey Pannell at 205.251.2225
About The Sanders Trust
The Sanders Trust develops and acquires on-campus medical office buildings nationwide. With over 20 years in the industry, The Sanders Trust – led by CEO and President Rance M. Sanders and Vice Chairman and former NFL MVP Bart Starr – and its predecessor Starr Sanders Properties have developed or acquired over 41 medical properties in 14 states, totaling almost $500 million in value.