Staffing Services

Long-Term Care Deals Outpace Other Health-Care Sectors in May– Over 90 deals across many sectors of the health-care industry made May another strong month for transactions in this hot industry sector.

Q1-2018 Healthcare Staffing Update– The first quarter of 2018 sustained the record pace of investment and consolidation achieved in 2017 within the healthcare staffing industry, with six transactions successfully closed including a new private equity platform, a corporate divestiture, a private equity exit, and two strategic acquisitions.

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.

Trends in Healthcare Staffing– 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.

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.

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.

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”