Tenex Capital and McCarthy Capital Invest in Medical Solutions

Tenex Capital and McCarthy Capital Invest in Medical Solutions

Medical Solutions, a national healthcare staffing company, today announced the completion of an investment by Tenex Capital Management and McCarthy Capital. “We are excited at the prospect of working with a well-positioned industry leader and its ability to fill a gap in the current marketplace,” said Varun Bedi, managing director and principal at Tenex Capital Management.

Medical Solutions is a medical staffing company with a focus on allied health professionals, nurses and technologists. Medical Solutions has contracts with nearly 1200 client hospitals nationwide and is one of the fastest growing companies in the travel nursing and allied health industry. The company is based in Omaha, NE (www.MedicalSolutions.com).

“We are excited for this investment to help us continue the growth and success our company has achieved. We plan to further invest in technology to support our increased penetration of the market and enable us to continually improve our relationships and experiences with our valued hospital and traveling healthcare professionals,” said Scott Anderson, CEO, of Medical Solutions.

Post closing, the new board of Medical Solutions will be composed of Tenex Capital and McCarthy Capital and chaired by Steven Francis. Mr. Francis is the co-founder and former longtime CEO of AMN Healthcare Services, the largest healthcare staffing company in the US. “With the backdrop of a dynamically changing market, we analyzed several players in the industry and found that the Medical Solutions model is uniquely positioned to thrive in today’s market,” said Mr. Francis.

Tenex Capital Management is a private equity fund that invests up to $100 million in middle-market companies in the transportation, industrial, manufacturing, and health and business services sectors. The firm is based in New York, NY (www.tenexcm.com).

McCarthy Capital invests from $10 to $30 million in middle market companies with operating profits between $3 million and $25 million. McCarthy partners with existing management teams across a range of industries and is equally comfortable as a minority investor or majority shareholder. Since 1986, McCarthy has invested in over fifty companies, including Cabela’s, Peak 10, Guild Mortgage Company, and Vornado Air. The firm has approximately $700 million in capital under management and is based in Omaha, NE with an additional office in Boston, MA (www.mccarthygroup.com).

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