CHG Healthcare Services, a healthcare staffing firm and a portfolio company of J.W. Childs Associates, has been acquired by Leonard Green & Partners and Ares Management. The transaction is anticipated to close by the end of 2012.
CHG Healthcare Services is one of the largest providers of healthcare staffing in the U.S., and is the largest temporary physician staffing firm in the nation. The company’s service offering includes temporary and permanent placement of physicians, allied health professionals and nurses to hospitals and healthcare organizations in all 50 states. Brands include CompHealth, Weatherby Healthcare, RN Network, and Foundation Medical Staffing. The company is comprised of more than 1,400 people in seven offices nationwide. CHG Healthcare Services is based in Salt Lake City, UT (www.chghealthcare.com).
“We appreciate the positive, successful partnership we’ve enjoyed with J.W. Childs for the last six years, and look forward to continuing our growth with our new partners at Leonard Green and Ares,” said Michael Weinholtz, CEO of CHG.
Leonard Green & Partners’ invests in middle-market companies with market-leading franchises and defensible competitive positions, attractive growth prospects and proven management teams. The firm’s investments are in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Sectors of interest include retail, distribution, healthcare, aerospace/defense and consumer/business services. Leonard Green & Partners was established in 1989 and manages approximately $15 billion of equity capital. The firm is located in Los Angeles, CA (www.leonardgreen.com).
Ares Management has $54 billion in capital under management and invests in private equity, leveraged loans, high-yield bonds, distressed debt and private debt. The firm has approximately 450 employees and is headquartered in Los Angeles, CA with offices in New York, London, Chicago, and Atlanta (www.aresmgmt.com).
J.W. Childs Associates invests in middle market companies based in North America. Sectors of interest include consumer products and specialty retail. The firm was founded in 1995 and is based in Waltham, MA (www.jwchilds.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-20-12
