March 19, 2019 (Boston, MA) – Covington Associates, a Boston-based specialty investment bank, announced today the hiring of Managing Director Steven Mermelstein to augment its healthcare deal team.

Steven Mermelstein joins Covington Associates to provide strategic advisory and execution services for healthcare clients, particularly those focused on the life sciences tools and diagnostics, medical devices and biotech sectors.  Over the past 15 years, Steve has worked primarily with middle-market and venture-backed life sciences companies providing strategic advisory services and executing numerous mergers and acquisitions (“M&A”), growth equity investments, recapitalizations, out-licensing and joint ventures.  Most recently, Steve was a Managing Director at Huron Consulting Group where he headed Huron Transaction Advisory LLC’s life sciences investment banking practice. Steve received an AB in Government from Dartmouth College and an Executive MBA in Finance from New York University’s Stern School of Business.  Steve can be reached at

Tom Cibotti, Managing Director of Covington Associates, comments, “We are thrilled to have Steve on the Covington team.  We look for him to build upon and further enhance Covington’s strong presence in the life sciences sector.”   Steven Mermelstein adds, “I am excited to work with the talented team at Covington and to build upon the exceptional track record it has developed in the middle market.  I look forward to expanding its M&A and strategic advisory offerings across the life science spectrum, as well as private equity and corporate partnering transactions.”

About Covington Associates

Covington Associates is an investment banking firm offering advisory services in the areas of M&A, capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals.  Covington’s mission has remained unchanged since its founding in 1991 – provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization.  Since its inception, Covington Associates has completed more than 300 transactions globally for both private and publicly traded companies totaling over $17 billion. Further information about Covington Associates can be found at

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