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Piper Jaffray Expands Healthcare Investment Banking with Hiring of Patrick Allen

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Managing director Patrick Allen will advise hospitals, health systems
and payer organizations from the firm's Chicago office

Piper
Jaffray Companies
(NYSE:PJC), a leading investment bank and asset
management firm, is pleased to announce the addition of Patrick Allen as
a managing director within healthcare
investment banking
. Allen joins Piper Jaffray with more than 20
years of investment banking advisory experience and will be based in the
firm's Chicago office.

Prior to joining Piper Jaffray, Allen was a managing director and
co-head of mergers and acquisitions (M&A) at Kaufman Hall & Associates,
where he advised hospitals, health systems and physician practices, and
was instrumental in helping to establish the firm's M&A practice. Prior
to Kaufman Hall, Allen served as director of healthcare M&A at CIT Group
and as a principal at Alliant Partners. Earlier in his career, he worked
in the investment banking groups at UBS and Lincoln International. Allen
earned a bachelor's degree in political science from Santa Clara
University and a Master of Business Administration degree, with a
concentration in finance, from Loyola University Chicago.

"Patrick represents an important addition to our healthcare platform.
With two decades of experience advising hospitals, health systems and
payer organizations, he brings deep expertise that will allow us to
serve a broader cross-section of clients," said J.P.
Peltier
, global group head of Piper Jaffray healthcare
investment banking
.

"We are very excited to welcome Patrick and his M&A track record on the
hospital and payer side," added Steve
Proeschel
, head of healthcare
public finance
at Piper Jaffray. "This expanded presence will serve
existing clients in new ways. We look forward to partnering with Patrick
and his team."

Piper Jaffray Companies (NYSE:PJC) is a leading investment bank and
asset management firm. Securities brokerage and investment banking
services are offered in the U.S. through Piper Jaffray & Co., member
SIPC and FINRA; in Europe through Piper Jaffray Ltd., authorized and
regulated by the U.K. Financial Conduct Authority; and in Hong Kong
through Piper Jaffray Hong Kong Limited, authorized and regulated by the
Securities and Futures Commission. Asset management products and
services are offered through five separate investment advisory
affiliates―U.S. Securities and Exchange Commission (SEC) registered
Advisory Research, Inc., Piper Jaffray Investment Management LLC, PJC
Capital Partners LLC and Piper Jaffray & Co., and Guernsey-based
Parallel General Partners Limited, authorized and regulated by the
Guernsey Financial Services Commission.

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© 2018 Piper Jaffray Companies. 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7036

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