Webster Bank named Steve Dowe senior vice president and lead of its middle-market healthcare vertical, which is focused on privately-owned health care providers and senior housing operators.
Dowe, whose coverage area will encompass the eastern United States, will focus on providing commercial banking services to non-private-equity-owned healthcare companies with sales between $25 million to $500 million.
Dowe’s new team of middle-market bankers will complement Webster Bank’s existing healthcare sponsor finance group, which is led by John Tracey of Webster Bank’s sponsor and specialty group. Tracey focuses on private equity-owned healthcare financing.
“Steve’s healthcare sector expertise and more than 20 years [of] corporate banking experience will enable us to expand our service offerings to health care providers and health care services companies throughout the eastern United States,” Sam Hanna, executive vice president of middle-market banking at Webster Bank, said.
Dowe joined Webster Bank in 2014 as part of the bank’s expansion in the Northeast and Mid-Atlantic markets. Before joining Webster Bank, Dowe was a senior managing director at CIT Healthcare.
