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.
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.