PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Thomas H Lee Partners acquires majority stake in Healthcare Staffing Services

Private equity firm Thomas H Lee Partners has closed the acquisition of a majority stake in Healthcare Staffing Services (HSS), in a recapitalisation transaction. Terms of the transaction have not been disclosed.

HSS is a leading healthcare staffing firm in the United States. It specialises in providing nationwide “rapid response” nurse staffing services to healthcare facilities that have urgent needs for qualified nurses, generally for multiple weeks at a time.
 
The recapitalisation will ensure HSS has the resources it needs to build on its proven platform, continue its strong momentum, and execute on its strategic growth objectives. HSS will also draw heavily from THL’s extensive experience in the healthcare space to further extend its leadership in the rapid response nurse staffing industry. The Company will retain its corporate headquarters in Denver, CO.
 
“With this investment we will have the scale and resources to accelerate our growth and further expand our platform,” says Ray Marcy (pictured), Executive Chairman of HSS. “As we continue to evaluate and pursue new opportunities, both strategic and organic, we are very excited to be partnering with THL – a firm with a long and distinguished track record of helping companies grow and succeed in the healthcare space. As the healthcare industry continues to evolve, HSS’ unique nurse staffing services model is helping hospitals address one of their major issues in ensuring the delivery of quality care – a shortage of well-qualified nurses.”
 
“Since 1989, HSS has steadily grown into a leader in providing world-class healthcare staffing services through its unique and distinguished Rapid Response travel nurse staffing model,” says Allison Beer, Chief Executive Officer of HSS. “I am proud to work with our highly talented and experienced management team, which is deeply committed to continuing our strong growth as more and more hospitals recognise the need for the ‘just in time’ deployment of specialised nurses that HSS is uniquely positioned to deliver.”
 
“We are very excited to be partnering with HSS, a clear market leader in the nursing industry,” says Joshua Nelson, Managing Director at Thomas H Lee Partners. “We are looking forward to working closely with Ray and Allison and the talented management team at HSS to further enhance its leadership position and capture this growing opportunity.”
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured