Mr. Scarano joined Ponder & Co. in March of 2022 and has over 30 years of experience specializing in the healthcare, senior living and higher education sectors as a municipal advisor, investment banker and municipal bond insurance analyst. He has assisted stand-alone hospitals, multi hospital systems, academic medical centers, senior living organizations and public and private universities in the development of capital strategies and has served as advisor in connection with merger and acquisition and bankruptcy/workout engagements. During his career, he has completed over $7 billion in tax-exempt and taxable financings with not-for-profit borrowers nationally.
Mr. Scarano maintains specific expertise in the development of restructuring plans for organizations with complex credit situations and in devising innovative credit strategies, particularly for borrowers in the senior living sector. He has developed and executed restructuring plans utilizing both trust instruction proceedings as well as negotiated tenders and bond exchanges.
Prior to joining Ponder, Mr. Scarano was a Managing Director in the health care groups at both Raymond James (2014 – 2022) and Cain Brothers (2010-2014) and a senior bond insurance underwriter at Ambac focusing on academic medical centers, children’s hospitals and major acute care hospital systems (2005-2010). He started his career in the early 1990s at Donaldson, Lufkin & Jenrette and spent 13 years in healthcare investment banking prior to joining Ambac. He earned his M.B.A. in Finance from the University at Albany and his B.A. in Economics from Binghamton University. He is a registered Municipal Advisor (Series 50).