Staffing Services

Q4-2017 Staffing & Recruiting Update– The healthcare staffing and recruiting sector experienced another active quarter, as the macro-economic indicators continue to show positive attributes for the healthcare staffing industry. Of particular note, Provident represented GrapeTree Medical Staffing in their recapitalization with New MainStream Capital.

Provident Perspectives– Over recent years the healthcare staffing industry has experienced significant consolidation with private equity, private equity-backed strategics, and public strategics completing acquisitions or investments. Macroeconomic indicators suggest a consistent demand for healthcare staffing services while the sector remains fragmented, implying further consolidation among industry players.

Transaction Advisory– GrapeTree Medical Staffing, one of the fastest growing and largest nurse staffing providers in the Midwest, has completed a recapitalization with New MainStream Capital. GrapeTree’s service offering includes CNA staffing in nursing homes and assisted living facilities, as well as LPNs and RNs in hospitals.

Q3-2017 Staffing & Recruiting Update– In contrast to prior quarters of the year, strategic consolidators and private equity-backed portfolio companies were more active in add-on acquisitions than private equity firms completing standalone platform investments.

Q2-2017 Recruiting & Staffing Update– The healthcare recruiting and staffing sectors experienced significant transaction activity in the second quarter of 2017 as strategic companies, private equity firms, and private equity-backed organizations participated in deal flow.

Q1-2017 Recruiting & Staffing Update– Healthcare staffing deal flow persisted in the first quarter of 2017, as strategic acquirers and private equity firms remained aggressive in their acquisitive strategies in order to expedite growth.

Transaction Advisory– Balance Point Capital Partners has acquired a majority stake in Practitioner Support Services, LLC. ProHealth provides outsourced medical care services through a credentialed Nurse Practitioner, or equivalent Practitioner, primarily to skilled nursing and assisted living facilities within the state of Connecticut.

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