In 2017, Medical Solutions partnered with TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. Visit our website to learn more about our workforce solutions and find the right travel nurses and allied health professionals. TPG Growth helped facilitate the … The deal values Medical Solutions at around $500 million, according to people familiar with the matter. TPG Growth helped facilitate the transaction and will continue to be an active partner to Medical Solutions and C&A Industries. The company also expects to continue ramping the MSP business under TPG Growth’s ownership. Additional terms of the transaction were not disclosed. For more information, please visit www.tpg.com. See here for a complete list of exchanges and delays. UBS Investment Bank. “We have a remarkable opportunity ahead of us as we join our two companies together, enabling us to provide an even more comprehensive service offering and increase the differentiating value we provide our customers,” said Craig Meier, CEO of Medical Solutions. The completed transaction was finalized on October 7. TPG Growth, a San Francisco investment company, said Thursday it agreed to acquire a majority of Medical Solutions, a nurse staffing agency based in Omaha, in a transaction to close C&A is headquartered in Omaha, Nebraska, with subsidiary offices located in Lincoln and Omaha, Nebraska; Kansas City, Missouri; and Des Moines, Iowa. (Reuters) - TPG Growth, the growth capital arm of U.S. private equity firm TPG Global, has agreed to acquire Medical Solutions, a U.S. medical staffing company, the companies said on Monday. About TPG Growth TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. and Sun Trust Robinson Humphrey Inc advised TPG Growth. TPG and Medical Solutions declined to comment on financial terms. The growth equity platform of TPG has completed its previously announced deal to buy a majority stake in Medical Solutions from Beecken Petty O’Keefe & Company for a reported $500 million. TPG Growth plans to work with Medical Solutions to grow its existing hospital base, expand capabilities into new service lines, and partner with new hospitals through MSP agreements. (Reuters) - TPG Growth, the growth capital arm of U.S. private equity firm TPG Global, has agreed to acquire Medical Solutions, a U.S. medical staffing company, the companies said on Monday. Medical Solutions recently ranked as the fifth-largest healthcare staffing firm and the second-largest in travel nursing for 2019, prior to its acquisition announcement. Medical Solutions is a provider of healthcare staffing solutions for U.S. hospitals, with a focus on so-called travel nurses, who work relatively short stints in different hospitals. TPG Growth helped facilitate the transaction and will continue to be an active partner to Medical Solutions and C&A Industries. The company is one of the largest Travel Nurse staffing agencies in the United States, with locations in Omaha, San Diego, Cincinnati, Denver, and Tupelo, MS. Medical Solutions was one of the first Travel Nursing and Allied Healthcare staffing companies to … Madison Capital Funding was the Joint Lead Arranger and Joint Bookrunner. With approximately $14.5 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. We offer travel healthcare jobs in all 50 states, Washington D.C., and Guam. This field is for validation purposes and should be left unchanged. Founded in 2001, Madison Capital Funding […] It also operates as a managed service provider (MSP), helping to streamline and simplify workforce operations by exclusively managing a hospital’s entire contingent labor staffing process. The company’s acquisition of C&A Industries follows its February 2018 acquisition of PPR, a provider of travel nurse staffing and interim leadership solutions for acute and post-acute care markets. TPG and Medical Solutions declined to comment on financial terms. Further terms were not disclosed. The deal values Medical Solutions at around $500 million, according to people familiar with the matter. Medical Solutions’ previous majority owner, Beecken Petty O’Keefe & Company, which acquired it in 2015, will maintain an equity stake in the company. On May 8, 2017, TPG Growth announced that it had entered into a definitive agreement to acquire a majority stake in Medical Solutions from Beecken Petty O’Keefe & Company … UBS Investment Bank UBSG.S and Sun Trust Robinson Humphrey Inc advised TPG Growth. With $11.5 billion invested in healthcare, $7.4 billion of that in the past decade, TPG has investments in the sector ranging from pharmaceutical companies to technology and data providers that are aligning with secular growth trends or building innovative solutions to emerging challenges. TPG has invested more than $10 billion in the healthcare sector, including in Evolent Health Inc, , IASIS Healthcare, Par Pharmaceuticals and Surgical Care Affiliates Inc, Jefferies LLC and Piper Jaffray advised Medical Solutions on the transactions. It provides nurses to around 1,600 hospitals throughout the United States. News of the deal was first reported by Reuters earlier on Monday. Wells Fargo Securities served as exclusive financial advisor to C&A Industries. We partner with more than 2,200 traveler-friendly healthcare facilities in our mission to connect care. The company connects more than 2,200 healthcare facilities across the country with highly skilled and qualified healthcare professionals. Prior to joining TPG in 2015, Josh worked in the investment banking division at Morgan Stanley in New York, focused on financial As part of the transaction, C&A Industries will continue to operate out of its existing headquarters in Omaha. Medical Solutions’ partnership with C&A Industries follows its February 2018 acquisition of PPR, a provider of travel nurse staffing and interim leadership solutions for …
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