Thomas H. Lee Partners (THL) has acquired a majority stake in Healthcare Staffing Services from healthcare specialist investor Altaris Capital Partners.
Healthcare Staffing Services (HSS) is a provider of healthcare staffing with a specialization in providing nationwide “rapid response” nurse staffing services to healthcare facilities that have urgent needs for qualified nurses, generally for multiple weeks at a time. HSS operates under the US Nursing and Fastaff travel nursing brands, both of which it acquired in February 2014. The company is led by Ray Marcy, Executive Chairman, and Allison Beer, Chief Executive Officer. HSS was founded in 1989 and is based in Denver (www.fastaff.com) (www.usnursing.com).
“With this investment from THL we will have the scale and resources to accelerate our growth and further expand our platform,” said Mr. Marcy. “As we continue to evaluate and pursue new opportunities, both strategic and organic, we are very excited to be partnering with THL – a firm with a long and distinguished track record of helping companies grow and succeed in the healthcare space. As the healthcare industry continues to evolve, HSS’ nurse staffing services model is helping hospitals address one of their major issues in ensuring the delivery of quality care – a shortage of well-qualified nurses.”
“We are very excited to be partnering with HSS, a clear market leader in the nursing industry,” said Joshua Nelson, Managing Director at Thomas H. Lee Partners. “We are looking forward to working closely with Ray and Allison and the rest of the management team at HSS to further enhance its leadership position and capture this growing opportunity.”
Thomas H. Lee Partners, founded in 1974, is one of the oldest private equity investment firms in the United States. Industries of interest include business and information services; consumer products and retail; financial services; health care; industrial; and media & communications. Since its founding, Thomas H. Lee Partners has raised approximately $20 billion of equity capital and invested in more than 130 businesses with an aggregate purchase price of more than $150 billion. The firm is based in Boston (www.thl.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-25-15
