Gen Cap America has sponsored a buyout of CoreMedical Group (CoreMed) in partnership with management. Terms of the transaction have not been disclosed.
CoreMed, based in Manchester, New Hampshire, is a leading healthcare staffing and recruiting agency specialising in travel and permanent placement for nurses, allied health professionals and physicians. With more than 25 years of experience, CoreMed recruits medical professionals and provides staffing solutions to hospitals and healthcare providers in all 50 states.
Chris Godwin, Managing Director at Gen Cap America, says: “We are excited to have the opportunity to invest in CoreMed alongside the management team. CoreMed is an excellent platform in an area with great demand – skilled medical staffing – and leverages our niche of partnering with go forward management to facilitate and navigate an ownership transition.”
The CoreMed management team will be led by Aram Hampoian, who assumed the role of CEO upon close. Aram has been with CoreMed since 2004.
Hampoian says: “This partnership with Gen Cap America represents a new and exciting phase in the continued development of our business and will open new avenues of opportunity for CoreMedical Group.”
Gen Cap America’s other investments in the medical space include Alpha Technics and Advantage Medical Professionals.
“Core fits perfectly with Gen Cap’s investment model of backing management teams at companies with long histories of success,” says Barney Byrd, CEO of Gen Cap.
