Medical Solutions to Acquire PPR
Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States, today announced it has signed a definitive agreement to acquire PPR, a provider of travel nurse staffing and interim leadership for acute and post-acute markets. As part of the transaction, PPR will continue to operate as its own brand and will keep its offices in both Jacksonville and Tampa, Fla. Medical Solutions acquired PPR from Trivest Partners, who partnered with the company in 2016. The transaction is subject to standard conditions, including regulatory clearance, and is expected to close in the first quarter of 2018. Additional terms of the transaction were not disclosed.
Medical Solutions offers a range of dynamic staffing solutions aimed to address hospitals’ specific and ever-changing needs. The company provides more than 1,600 hospitals around the country with highly skilled and qualified travel nurses. It also operates as a Managed Service Provider (MSP), helping to streamline and simplify workforce operations by exclusively managing a hospital’s entire travel nurse staffing process.
“In partnering with PPR, we are combining two great businesses with a shared vision and commitment to delivering an exceptional experience for employees and clients,” said Craig Meier, CEO of Medical Solutions. “With industry-leading talent retention, PPR is aligned with our focus on creating a positive and supportive environment that gives employees the opportunity to grow, both personally and professionally. As demand for travel nurses continues to outgrow supply, this combination gives us the depth and resources to serve even more patients across the country.”
Founded in 1996, PPR is one of the fastest growing healthcare staffing companies in the country. The company operates through two distinct businesses: PPR, the travel nurse staffing solution that manages 13-week nursing assignments, and 360 Healthcare Staffing, which focuses on the post-acute market. Known for its focus on employee experience, PPR has been named to the national list of America’s “Best Places to Work” for 13 years.
“This transaction brings together two highly-reputable brands in the healthcare staffing sector that, together, are well positioned to tackle the tremendous and growing need for contingent labor in healthcare across the United States,” said Shamik Patel of TPG Growth. “The addition of PPR will enable Medical Solutions to diversify into new care settings, expand its MSP efforts, and continue recruiting best-in-class talent across the business. This partnership creates more jobs and opportunities for new and existing travel nurses across both organizations. We are pleased to support Craig and the team in this exciting next chapter.”
In 2017, Medical Solutions partnered with TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. TPG Growth helped facilitate the transaction, and will continue to be an active partner to Medical Solutions and PPR. Kirkland & Ellis and Greenberg Traurig served as legal advisors to TPG and the sellers, respectively. Piper Jaffray served as financial advisor to PPR. Additionally, UBS, Morgan Stanley and SunTrust provided financing support to TPG Growth and Medical Solutions.
PPR is a healthcare staffing firm that specializes in placing registered nurses, allied health professionals and leadership positions in travel contracts in acute care, post-acute care, and school settings nationwide. Over the last 22 years, PPR has become a highly regarded company in the healthcare industry; recognized for 13 years as a Fortune Magazine Best Place to Work in America, a Gallup 35 Most Engaged Workforces in the world, and ranked #1 in 2018’s Highway Hypodermics list for Best Travel Nursing Company. PPR is also an industry leader in customer service, traveler retention rates and Net Promoter Score results. PPR acquired 360 Healthcare Staffing in 2017, adding strength in the post-acute marketplace.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With more than $13 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has more than $79 billion of assets under management. For more information, visit www.tpg.com.
About Trivest Partners
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 250 transactions, totaling in excess of $5.5 billion in value. For additional information, please visit www.trivest.com.
Medical Solutions Named to the 2017 Inc. 5000 List
Medical Solutions, the nation’s third-largest travel nurse staffing company, has once again earned a position on Inc. magazine’s Inc. 5000 list. The Omaha-based healthcare staffing company ranked in position #2063 on the 2017 Inc. 5000 list, with 179% growth over a three-year period and a 2016 revenue of $352.4 million.
This marks the 10th time in the previous 11 years that the healthcare staffing company earned a spot on the Inc. 5000, including one year on the Inc. 500, illustrating a continued pattern of strong growth for Medical Solutions, which is the sixth largest healthcare staffing firm in the United States. Headquartered in Omaha, Nebraska, the nationwide travel nurse staffing company also ranked #9 amongst top Nebraska companies on the 2017 Inc. 5000 list.
“We are so humbled and grateful to have earned a spot on the Inc. 5000 for the 10th time,” said Medical Solutions CEO Craig Meier. “Our amazing team is the backbone of our company’s impressive, continued growth and I am incredibly proud of their efforts. As we grow, Medical Solutions remains dedicated to offering a superior experience to the internal team, as well as the nurses and hospitals we serve.”
Click here to learn more about Medical Solutions’ 2017 Inc. 5000 ranking.
Medical Solutions Ranks Among Top 2017 Healthcare Staffing Companies
Medical Solutions has again been ranked one of the largest healthcare staffing firms in the U.S., according to a 2017 report by Staffing Industry Analysts.
- Largest U.S. Travel Nurse Staffing Firms (#3)
- Largest U.S. Healthcare Staffing Firms (#6)
- Fastest-Growing U.S. Staffing Firms (#20)
- Largest U.S. Staffing Firms (#35)
“Our incredible team’s hard work, dedication to company goals and values, and unwavering commitment to quality continue to propel our growth,” says Craig Meier, Medical Solutions CEO. “I’m exceedingly proud of what we’ve accomplished and I happily anticipate our team’s continued success.”
Medical Solutions offers a refreshing, people-focused corporate culture and an exceptional customer experience, providing “Service That Inspires” to its Client Hospitals, Travel Nurses and Allied Travelers, and internal team. The company currently has offices in Omaha, San Diego, Cincinnati, Denver, and Tupelo, MS.
“Medical Solutions will maintain our focus on providing top-quality talent and workforce solutions to healthcare facilities throughout the United States,” says Joel Tremblay, Chief Operating Officer at Medical Solutions. “As demand for quality healthcare workers continues to grow, we remain committed to partnering with facilities and healthcare professionals to improve patient care and increase positive health outcomes nationwide.”
Click here to learn more about Medical Solutions’ awards and achievements.
Medical Solutions Reveals New MSP Website
Medical Solutions, one of the nation’s largest travel nurse companies, is pleased to announce the launch of its managed service provider’s new website at www.mspl.us.
Since 2012, Medical Solutions Plus, the managed service provider division of Medical Solutions, has offered healthcare facilities customizable staffing solutions to help optimize their contingency workforce.
The new website provides an in-depth look at MSP’s strategic workforce solutions. It also offers hospital leaders MSP Client testimonials, healthcare staffing articles, and resources, including a staffing assessment tool.
Medical Solutions’ Chief Operating Officer Joel Tremblay believes the new website speaks to the company’s service-driven mission.
“Medical Solutions is committed to ‘Service That Inspires,’” says Tremblay. “This new website builds upon our mission and provides potential and current hospital Clients with the resources and information they need to be successful in today’s rapidly changing industry.”
Chase Farmer, director of the Medical Solutions Plus division, agrees.
“The new site highlights our team’s ability to rapidly fill open positions with quality healthcare professionals in the most cost-effective manner possible,” says Farmer. “As a true staffing partner, we strongly believe our hospital Clients deserve flexible workforce solutions that focus on quality and cost management.”
To learn more about Medical Solutions Plus and its sustainable workforce solutions, visit www.mspl.us.
Medical Solutions Named Highly Commended Finalist in 2017 Employee Engagement Awards
Medical Solutions, one of the nation’s top travel nurse staffing companies, was named a “highly commended” finalist for the North American Employee Engagement Awards’ Company of the Year Award.
Medical Solutions placed just behind winner, Chili’s Grill & Bar, in the Company of the Year category. Winners in other categories included Cisco, Visa, Boeing, and Caesar’s Entertainment.
“I want to congratulate the winners and those who were highly commended,” said North American Employee Engagement Awards founder, Matt Manners. “Their innovative and rigorous approaches have taken employee engagement to a new level.”
The Employee Engagement Awards believes in “inspiring and educating people to remake the way organizations think about, and engage, people to achieve their purpose” and was created as a platform for recognizing organizations that excel at creating employee experiences that inspire their team members and peer organizations alike.
“One of our top objectives at Medical Solutions is providing an outstanding employee experience, so we are thrilled to receive this honor,” says Medical Solutions Chief People Officer, Christy Johnston. “We continually pilot new, innovative ways to engage our employees on a high level and this is great validation for those efforts.”
Click here to learn more about Medical Solutions’ awards and recognition throughout the years.
Medical Solutions Named Blue Ash Business Awards Finalist
Medical Solutions, one of the nation’s largest travel nurse staffing companies, was named a finalist in the 2017 Blue Ash Business Awards.
The Blue Ash Business Awards are hosted by the Cincinnati USA Regional Chamber and honor companies for their success in three categories: ASPIRE, ACHIEVE, and ADVANCE. Medical Solutions’ Cincinnati office earned a finalist position in the ACHIEVE category and was recognized alongside other honorees at a May 18th reception at the Cooper Creek Event Center in Blue Ash.
“Our team is very proud to receive this honor alongside several other excellent Blue Ash organizations,” says Christy Johnston, Chief People Officer at Medical Solutions. “Medical Solutions is committed to fostering an environment and overall company philosophy that proactively supports our team members in pursuing and attaining all of their professional and personal achievements. Congratulations to our Blue Ash team!”
Medical Solutions’ Cincinnati office was previously recognized as one of Cincinnati Business Courier’s “Best Places to Work” in 2015 and 2016.
Click here to learn more about Medical Solutions’ awards and recognition throughout the years.
TPG Growth to Acquire Medical Solutions
TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, today announced that it has entered into an agreement to acquire a majority stake in Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States. Beecken Petty O'Keefe & Company (BPOC), who acquired the company in 2015, will retain an equity stake post-close. The transaction is subject to standard conditions, including regulatory clearance, and is expected to close in the second quarter. Additional terms of the transaction were not disclosed.
“Faced with large patient volumes and nursing shortages, more and more hospitals are searching for reliable, qualified nurses,” said Matthew Hobart, Partner at TPG Growth. “As a leading provider of travel nurse staffing services, Medical Solutions is well positioned to help solve this imbalance between supply and demand while offering a superior, tailored solution for hospitals and nurses alike.”
Medical Solutions is continually one of the fastest growing companies in the travel nursing industry. They provide more than 1,600 hospitals around the country with highly skilled and qualified travel nurses. Recognized by the staffing industry for its superior culture, the company’s attentive and responsive operating teams assist at all stages of the process – from Career Consultants recruiting top talent and providing highly-personalized experiences for nurses to Client Managers constantly assessing hospitals’ needs and placing the most qualified nurses.
“Through our focus on customer experience, we can attract the highest quality nurses and this drives our ability to help hospitals continue to provide great patient care in the midst of a nationwide nursing shortage,” said Craig Meier, CEO of Medical Solutions. “We are proud of the growth we have achieved with our partners at Beecken Petty thus far. Now, with the support and resources of our new partners at TPG Growth, we’re eager to build on our momentum and serve even more hospitals and nurses.”
In addition to its core offering, which provides hospitals with travel nurses on 13-week assignments, Medical Solutions offers a range of dynamic staffing solutions aimed to address hospitals’ specific and ever-changing needs. Most significantly, the company operates as a Managed Service Provider (MSP), helping to streamline and simplify workforce operations by exclusively managing a hospital’s entire travel nurse staffing process.
“Medical Solutions sits at the perfect intersection of our healthcare and business services investing strategies,” said Shamik Patel, Principal at TPG Growth. “Last year, we partnered with Frank Recruitment Group, a leading IT recruitment company, with the view that high-quality staffing businesses can serve as a catalyst for enabling and accelerating growth within an industry. Medical Solutions builds on this theme by addressing a prominent need in the healthcare system for high-quality, travel nurses.”
“It’s been a privilege to be part of the growth story at Medical Solutions,” said Peter Magas, Managing Director at BPOC. “Their entire team is committed to quality and a strong culture, which together drive their leading position in the sector. BPOC is proud to have helped them grow their presence in the healthcare industry and we wish Craig and the entire team continued success with their new partners at TPG Growth.”
TPG’s healthcare franchise is one of the largest in the industry, having invested more than $10 billion of equity capital in the sector. Select investments include Evolent Health, GoHealth Urgent Care, Healthscope, IASIS Healthcare, NorthStar Anesthesia, Oxford Health Plans, Parkway Holdings, Par Pharmaceutical, Precision Medicine Group, and Surgical Care Affiliates.
Kirkland & Ellis and Paul Hastings served as legal advisors to TPG and the sellers, respectively. Jefferies LLC served as lead financial advisor to Medical Solutions and Piper Jaffray acted as co-advisor. Additionally, UBS Investment Bank and Sun Trust Robinson Humphrey, Inc. advised TPG Growth on the transaction and are providing financing.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With over $8.3 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $72 billion of assets under management. For more information, visit www.tpggrowth.com.
About Medical Solutions
Medical Solutions L.L.C. is a healthcare staffing firm that specializes in placing registered nurses in temporary travel assignments throughout the nation. The company is one of the largest Travel Nurse staffing agencies in the United States, with locations in Omaha, San Diego, Cincinnati, Denver, and Tupelo, MS. Medical Solutions was one of the first Travel Nursing and Allied Healthcare staffing companies to be certified by the Joint Commission and has been continuously certified since January 2005. Medical Solutions was named one of the top three staffing firms to work for in Staffing Industry Analysts “Best Staffing Firms to Work For,” and has been named nine times to the Inc. 5000 list of fastest-growing private companies. For more information, visit www.medicalsolutions.com.
About Beecken Petty O'Keefe & Company
Beecken Petty O'Keefe & Company is a Chicago-based private equity management firm founded in 1996 to invest in middle-market buy-out transactions, recapitalizations, and growth platforms in the healthcare industry. BPOC evaluates, structures, and manages investments on behalf of institutional and individual investors. Since inception, BPOC has raised in the aggregate over $1 billion to invest in private transactions from its four committed private equity funds and third party co-investors. The firm is headquartered in Chicago, IL. For more information on BPOC, visit www.bpoc.com.
Medical Solutions Celebrates Nurses Week 2017
Medical Solutions, one of the nation’s largest travel nurse staffing companies, will celebrate Nurses Week, May 6-12, 2017, with a special Nurses Week quiz, prizes, a Spotify party playlist, an original nurse tribute music video from C. Young, a student nurse scholarship, and more at WeLoveOurNurses.com.
Medical Solutions’ Nurses Week 2017 celebration will include:
- “So Much Love in the Scrubs” Music Video Nurse Tribute — In order to celebrate nurses in a big way, Medical Solutions partnered with musician C. Young to create this very special jam which honors nurses for their many selfless contributions to the healthcare field.
- “What Kind of Party Are You?” Quiz — In keeping with this year’s party theme, take this fun quiz to learn what type of party you most resemble. Taking the quiz is also your entry for the chance to win one of 50 Nurses Week prizes, including:
- Thirty $50 Amazon Gift Cards
- Five Amazon Tap Alexa-Enabled Portable Bluetooth Speakers
- Three Apple iPad Mini 2s
- Three Pizza Parties Catered in for You and Your Unit
- Three $120 Alegria Shoes Gift Cards
- Three $60 Wonder Wink Scrubs Gift Cards
- Three $25 Sockwell Socks Gift Cards
- Sixth Annual Nurses of Tomorrow Scholarship — In light of the ever-growing nationwide nurse shortage, Medical Solutions wants to support the education and development of future nurses and nurse leaders. Three lucky nurse scholars will each win a $2,000 scholarship to put towards their education costs! Entries will be accepted here through May 12, 2017.
- Nurses Week Spotify Party Playlist — Every good party needs good music. That’s why we put together this customized Spotify playlist to keep nurses nationwide moving and grooving as they celebrate their special week.
- Nurses Week eCards — Enjoy three free shareable and downloadable cards in celebration of Nurses Week. You can post them to Facebook, tag your friends, and download them to share via email or through other social sites with your nurse colleagues and friends.
Visit WeLoveOurNurses.com to learn more about and to participate in all of the festivities as Medical Solutions celebrates Nurses Week 2017!
Medical Solutions Announces Sixth Annual Nurses of Tomorrow Scholarship Contest
Medical Solutions, one of the nation’s largest travel nurse staffing companies, recently kicked off its sixth annual Nurses of Tomorrow Scholarship Contest.
In honor of Nurses Week, May 6-12, this scholarship contest awards three exceptional nurse scholars each with a $2,000 scholarship to put towards their educational costs.
Applicants will be judged on several criteria including academic standing and a 250-word essay answering the question: “How do you hope to see the nursing field evolve?”
“Medical Solutions sponsors the Nurses of Tomorrow Scholarship Contest in order to support the development and advancement of future nurses and nurse leaders who will ultimately do so much to strengthen the healthcare field,” says Amber Barna, RN, BSN, and Medical Solutions’ Clinical Director of Nursing. “We believe that proper nurse education is essential to the delivery of quality patient care, safe staffing levels, and favorable health outcomes.”
Medical Solutions’ Nurses of Tomorrow Scholarship Contest runs through May 12, 2017 at 11:59 CST.
Click here to learn more about and to enter Nurses of Tomorrow, Medical Solutions’ sixth annual Nurses Week Scholarship Competition.
Medical Solutions Launches New Hospital Client Website
Medical Solutions, one of the nation’s top travel nurse staffing companies, is excited to announce the launch of its new hospital Client website at staffyourhospital.com. Among other features, the site offers hospital leaders and healthcare professionals a comprehensive guide to Medical Solutions’ services, including traditional travel staffing, a managed service provider program called Medical Solutions Plus, strike solutions for hospitals, and a rapid response program for hospitals with urgent, flexible staffing needs.
The new Client website also provides access to several resources covering a range of current healthcare industry topics, such as nurse burnout prevention, top nurse recruitment strategies for hospitals, and current trends reshaping the healthcare field.
Medical Solutions Director of Marketing & Customer Experience, Jeff Long, says the website will benefit both potential and current Medical Solutions’ Clients.
“We constantly strive to provide superior service for the varied needs of our hospital Clients,” says Long. “Staffyourhospital.com speaks to those needs.”
In addition, the site highlights testimonials from current clients and showcases Medical Solutions’ Client Management team bios.
Pat Barry, Vice President of Sales at Medical Solutions, believes the new site reflects the company’s commitment to customer service.
“This new website will improve the customer experience for both our potential and current Clients,” says Barry. “Now they have the opportunity to gain more insight into our company’s services and our experienced team members.”
To learn more about Medical Solutions’ healthcare staffing services, visit www.staffyourhospital.com.
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