Q1-2019 Healthcare Staffing Update

In the first quarter of 2019, M&A transaction volume was relatively quiet in the staffing sector as consolidators work to integrate acquisitions made over the last 18 months. A common theme throughout the healthcare staffing marketplace has been the interest in locums tenens businesses, both as platforms and add-on acquisitions, to diversify an established healthcare staffing service mix. The acquisition of Onyx M.D. by Health Carousel marks the fifth locums tenens-focused acquisition in the last twelve months and is a sign of staffing players looking to diversify operations to drive stability of earnings in a macroeconomic environment that has been growing for nearly a decade. ​

Provident expects the remainder of 2019 to include multiple new private equity platform investments as well as strategic add-on acquisitions into service lines such as locum tenens, among others.

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
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  • “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.”

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