Q4-2016 Recruiting & Staffing Update-There were a number of factors driving the quarter’s transaction activity to cap one of the most active years in the industry. Market participants utilized acquisitions to diversify service offerings to clients, acquire customer contracts to increase market share, obtain additional capital for growth via acquisitions, and merge with peers to improve leverage in rate negotiations.
Q2-2016 Recruiting & Staffing Update– Strategic acquirers and private equity-backed portfolio companies were extremely active in the second quarter of the year. Of particular note, AMN Healthcare Services continued their strategy of expanding service lines through acquiring niche organizations, such as Peak Health Solutions. Provident expects other strategic organizations to follow a similar strategy in the second half of the year, in addition to a reemergence of private equity investment.
Q1-2016 Staffing Update– The Staffing sector experienced another quarter of heavy investment activity among several sub-sectors, mostly fueled by private equity investment. Of particular note was ProHealth Partners recapitalization with Balance Point Capital Partners. Provident Healthcare Partners served as the exclusive advisor to ProHealth Partners in the transaction.
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.