Gen Cap America has acquired CoreMedical Group, a healthcare staffing and recruiting agency.
CoreMedical Group specializes in the placement of traveling nurses, traveling therapists, permanent nurses and physicians. The company recruits medical professionals and provides staffing services to hospitals and healthcare providers in all 50 states. CoreMed is headquartered in Manchester, NH (www.coremedicalgroup.com).
The CoreMed management team is led by Aram Hampoian who assumed the role of CEO upon closing of the transaction. “This partnership with Gen Cap America represents a new and exciting phase in the continued development of our business and will open new avenues of opportunity for CoreMedical Group,” said Mr. Hampoian, who has been with the company since 2004.
“We are excited to have the opportunity to invest in CoreMed alongside the management team,” said Chris Godwin, Managing Director at Gen Cap America. “CoreMed is an excellent platform in an area with great demand – skilled medical staffing – and leverages our niche of partnering with go forward management to facilitate and navigate an ownership transition.”
Gen Cap America invests in companies with revenues between $5 million and $100 million that are active in the manufacturing, distribution or service sectors. The firm is currently investing through Southwest Fund VII, a $250 million fund which had a final close at its hard cap in January 2017. Gen Cap was founded in 1985 and is based in Nashville (www.gencapamerica.com).
© 2018 Private Equity Professional | March 19, 2018
