LJC Investments V, an investment vehicle controlled by Littlejohn Capital, has acquired Alto Healthcare Staffing (Alto), a diversified healthcare staffing firm.
LJC Investments V, an investment vehicle controlled by Littlejohn Capital, has acquired Alto Healthcare Staffing (Alto), a diversified healthcare staffing firm.
Alto was established in 2003 in line with the personal values and mission of Founder and RN Leslie Kahn. Alto’s three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors’ offices.
Staffing industry veteran Timothy McPherson, who served as CEO of former Littlejohn Capital portfolio company Hospitality Staffing Solutions, will join the Alto Board of Managers, in addition to Mr. Littlejohn III and Littlejohn Capital Chairman, Angus Littlejohn, Jr.
UHY Corporate Finance served as financial adviser to Alto and Morrison Cohen LLP provided legal counsel to Littlejohn Capital on the transaction.
