Title: Managing director for the healthcare group at Chemical Bank, New York.
Most recent deal: Chemical was the agent bank for the $3 billion credit facility for Columbia/HCA Healthcare Corp., Louisville, Ky.
Although healthcare finance is a field dominated by men, women hold the reins at some of the nation's largest banks.
Carol Burt, who organized Chemical Bank's healthcare group two years ago, is one of several women who are highly regarded in healthcare banking circles.
"It was a little bit counterculture," she said about the startup of the healthcare group at Chemical Bank. "There was an unwillingness to lend to the industry."
How things have changed. Now, healthcare finance is a hot department at dozens of banks. Despite the competition, Chemical is one of those clearly out front in the big deals, such as the Columbia/HCA credit line.
At Chemical Bank, Ms. Burt is responsible for a $1.8 billion healthcare portfolio, 65% of which is in for-profit hospital companies.
A year ago, the prospect of government-led healthcare reform again chilled the market. But worries eased by summer, and Ms. Burt helped complete a $600 million credit facility for American Medical Holdings, a Dallas-based parent company of American Medical International.
About the number of women colleagues in her field, she said, "Women have done very well in banking. The ones I have contact with are dynamic, hard-working and dedicated to the business. We're making progress."