TPG Growth Closes Acquisition of Medical Solutions
Transaction will enable leading travel nurse staffing company to connect more hospitals and nursesOmaha, NE, San Francisco, and Fort Worth, Texas – June 14, 2017 – TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, today closed its previously announced acquisition of Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States.
On May 8, 2017, TPG Growth announced that it had entered into a definitive agreement to acquire a majority stake in Medical Solutions from Beecken Petty O'Keefe & Company (BPOC). Medical Solutions provides more than 1,600 hospitals around the country with highly skilled and qualified travel nurses. Named several times to Staffing Industry Analyst’s annual “Best Staffing Firms to Work For,” Medical Solutions is one of the fastest growing travel nurse companies, known for its superior and engaging culture.
TPG Growth has a track record of investing in the healthcare and business services sectors. The platform’s healthcare investments span to include Evolent Health, GoHealth Urgent Care, Northstar Anesthesia, and Precision Medicine Group. Last year, TPG Growth partnered Frank Recruitment Group, a global staffing and recruiting business focused exclusively on the enterprise software market.
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.