Medical Solutions has signed an agreement to be acquired by investment firms Centerbridge Partners LP and Caisse de depot et placement du Quebec from current owner private equity firm TPG Growth. SIA ranks Medical Solutions as the fourth largest healthcare staffing firm in the United States and the second largest provider of travel nurses and allied health professionals.
The transaction is expected to close in the fourth quarter and is subject to customary closing conditions and approvals. Terms of the transaction were not announced.
“With the support and expertise of Centerbridge and CDPQ, we will be even better positioned to help meet the increased need for skilled healthcare professionals and talent management nationwide,” said Craig Meier, CEO of Medical Solutions.
Medical Solutions was launched in 2001 and is based in Omaha, Nebraska. It deployed clinicians to more than 4,500 healthcare facilities in every US state in 2020.
In 2019, Medical Solutions acquired C&A Industries; both companies ranked among the largest providers of healthcare personnel in the United States at the time. This wasn’t Medical Solutions’ only acquisition; the company also acquired PPR in early 2018. PPR was a provider of travel nursing and interim leadership for the acute and post-acute markets.
TPG Growth, current owner of Medical Solutions, acquired the company in June 2017.
In addition to its headquarters in Omaha, Medical Solutions has offices in San Diego; Cincinnati; Denver; Tampa, Florida; Jacksonville, Florida; and Tupelo, Mississippi.