Q1-2022 Healthcare Staffing Update
Provident observed accelerated transaction activity in the staffing sector in Q1 2022. A study conducted by Vivian in 2021 reported that 87% of respondents said their healthcare facility is short-staffed and 53% responded that they did not feel optimistic about the future of healthcare currently. Significant tailwinds such as a growing elderly population, aging RN workforce, nurse burnout, and shortage of nurse professors in university settings continue to put pressure on a shortage of nurses. The rising awareness of the benefits of temporary staffing such as an easier recruitment process, the opportunity to travel, and not having to worry about permanent housing have resulted in the profession gaining continued popularity.
One notable transaction this quarter was the acquisition of Favorite Healthcare Staffing by the European healthcare solutions provider, Acacium Group. Through this acquisition, Acacium Group became the first global healthcare staffing provider offering services in the US, Europe, and Australia.
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