Labor shortages for physicians and nurses may heat up the medical staffing market in 2018. Through the first 10 days of February, three transactions for these service companies have been announced. Last year, 16 transactions targeting medical staffing services were made public, the highest number of deals in this segment since 2005 (19 deals) and 2004 (20).
The most recent deal announcement came from Medical Solutions, a portfolio company of TPG Growth based in Omaha, Nebraska. Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses in temporary travel assignments throughout the country.
The target, PPR Travel Nursing, was a division of PPR Talent Management, which is a portfolio company of Trivest Partners. As its name implies, PPR Travel Nursing provides travel nursing staffing and interim leadership for the acute and post-acute care markets.
PPR will continue to operate as its own brand, as will the company it acquired in July 2017, 360 Healthcare Staffing. That agency, located in Tampa, Florida, provides interim and temp-to-hire staffing for a wide range of nursing positions, as well as executive search services.