Cornell Capital LLC (“Cornell Capital”) and Trilantic North America, two leading private investment firms, announced Wednesday that they have agreed to acquire Fastaff Travel Nursing® (“Fastaff”) and U.S. Nursing Corporation® (“U.S. Nursing”). This acquisition is part of a broader effort by Cornell Capital and Trilantic North America to build a leading tech-enabled platform for healthcare staffing, following three other recently announced acquisitions in the space. Founded in 1989, Fastaff and U.S. Nursing have provided hospitals with staffing solutions for more than three decades.
The impact of COVID-19 on front-line healthcare staff will likely be felt for years, and the findings from a recent survey of physicians bring up a key question: is the healthcare industry on the verge of a physician turnover epidemic? The survey, conducted by Jackson Physician Search, a national physician recruitment firm, included responses from 400 physicians across a range of specialties, and from 86 healthcare administrators from throughout the U.S. The study revealed several insightful findings.
NovaQuest Private Equity (“NovaQuest”) today announced its strategic growth equity investment in Pro-ficiency, LLC (“Pro-ficiency”), a leading provider of tech-enabled training and compliance solutions for clinical trial investigators and site staff. Based in Durham, NC, Pro-ficiency provides innovative, virtual simulation training and HR compliance solutions for clinical trials, supported by original content creation and analytics services. Leading pharmaceutical companies engage Pro-ficiency to deploy customized, study-specific training solutions that improve learning retention and strengthen compliance among investigators and site staff.
Three years into its investment, MidOcean Partners is preparing for a sale of The Planet Group, a staffing agency for the life sciences industry and other highly-skilled markets, PE Hub has learned.
Enrollment in baccalaureate nursing programs increased nearly 6% in 2020, to 250,856, according to preliminary results from an annual survey of 900 nursing schools by the American Association of Colleges of Nursing. “In the pandemic we saw an increased visibility of nurses, and I think that’s been inspirational to many people,” said Deb Trautman, president and CEO of the association, whose members represent nursing programs at the bachelor’s, master’s and doctoral levels. “It’s a profession where you can make a difference.” Two-year associate nursing degree programs seem to be experiencing a similar bump, though hard numbers are unavailable, said Laura Schmidt, president of the Organization for Associate Degree Nursing.
ArkMalibu is pleased to announce the sale of TherapyTravelers to Epic Staffing Group, a Webster Equity Partners portfolio company. Founded in 2012 by Geneva Milne, Maria Lankenau, and Kim Gros and headquartered in Long Beach, California, TherapyTravelers is a fast-growing specialty staffing firm focused on placing therapists, psychologists, social workers, special educators, nurses, and other healthcare related professionals into school districts across the United States.
Health Carousel, a premier provider of healthcare staffing and workforce solutions, announced today they are strengthening the power of the Health Carousel Locum Network further with the acquisition of MEDPATH. MEDPATH is an innovative physician workforce management company that is mission driven to help healthcare organizations improve patient care and save lives. This is Health Carousel’s 6th acquisition in the locum tenens space since 2015.
Clora Inc., the best place to discover, build, and manage on-demand life science teams, announced Tuesday that it has acquired Legit.ai, an AI-powered expert network focused on biopharma expertise, in a cash and stock deal. Over the last several years, Clora’s marketplace has grown to a community of thousands of suppliers and hundreds of top-tier biotechnology and pharmaceutical companies together developing life-altering therapies. Legit successfully grew out of the Kendall Square biotech cluster with the mission to connect on-demand life-sciences experts to biopharma companies in order to answer deep technical questions.
US Acute Care Solutions (USACS) today announced its physician-owners have reached a definitive agreement to buy out minority capital partner Welsh, Carson, Anderson & Stowe (WCAS). Following the transaction, USACS will be 90 percent owned by its physicians. Several leading health systems will be minority owners as well. Founded by 15 emergency medicine and hospitalist physician groups across the country, USACS is the national leader in physician-owned integrated acute care, including emergency medicine, hospitalist and critical care services. USACS provides high-quality care to approximately 6 million patients annually across more than 260 programs and is aligned with leading health systems across the country.
Cornell Capital LLC (“Cornell Capital”), and Trilantic North America, two leading private investment firms, announced Monday that they have acquired trustaff Management, Inc. (“trustaff”), a leading provider of travel nurse and allied healthcare staffing services, and CardioSolution, a managed services offering providing cardiologists and support personnel to hospitals. As part of this transaction, Cornell Capital and Trilantic North America have also agreed to acquire Stella.ai, Inc. (“Stella”), a VC-backed, AI-driven online marketplace for employers and job seekers that brings cutting-edge technology expertise to the staffing sector. The combination of these companies will create a leading healthcare staffing platform with a unique technology-driven approach.
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