OGH, a provider of staffing services and a portfolio company of Welsh, Carson, Anderson & Stowe, has acquired Locum Leaders, a supplier of locum tenens services to healthcare systems and physician practice management organizations. Locum Leaders was a portfolio company of investment group W3.
“This is an exciting day for our company and I am pleased to have our entire team join the OGH family of companies,” said Will Drescher, President & CEO of Locum Leaders. “With the locum tenens industry expected to grow at a projected 10% rate for 2013, we are pleased to have the backing of OGH to help us further expand and scale our solutions offerings.”
Locum Leaders specializes in the provision of Hospitalists, Emergency Medicine, Psychiatry and Anesthesiology locums’ services to healthcare systems and physician practice management organizations throughout the United States. The company is based in Alpharetta, GA (www.locumleaders.com).
OGH is a provider of staffing services for the healthcare and technology sectors. The company consists of four staffing service providers: Onward Healthcare, Onward MD, Onward Search, and Onward ITG; Medefis, a SaaS based vendor management platform for healthcare facilities, and Recruitics, an online recruitment platform. OGH is headquartered in Wilton, CT (www.oghllc.com).
“The U.S. health care system is undergoing a significant expansion with the implementation of the Affordable Care Act. As a result, hospital executives are experiencing an acceleration of labor shortages of skilled healthcare professionals while trying to effectively manage patient care and maintain positive operating margins. OGH is focused on providing its clients with leading solutions that can help address these issues and to combat potential disruptions in patient care. We look forward to working with the entire Locum Leaders team and expect the company will continue to be a market leader for many years to come,” said Kevin Clark, CEO of OGH.
Welsh Carson is focused exclusively on investments in business, information and healthcare services. Since its founding in 1979, Welsh Carson has organized 15 limited partnerships with total capital of over $20 billion. The firm is currently investing through its latest fund, Welsh, Carson, Anderson & Stowe XI, L.P., and is based in New York (www.welshcarson.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-6-13
