A pair of the nation’s largest healthcare staffing firms are merging. Ohama, Nebraska-based Triage Medical Staffing is acquiring TaleMed, LLC, creating one of the nation’s largest dual-threat Nursing and Allied Health recruitment agencies. No terms were disclosed, but the combined company is expected to have $200 million in annual revenues.
TaleMed provides contingent staffing solutions to healthcare systems and hospitals nationwide through direct contract relationships and is consistently rated as one of the top travel healthcare companies. The company is also a top-tier provider with many prominent managed service providers. In recent years, Triage has experienced accelerated growth and sees the TaleMed partnership as a key driver for continued momentum.
Both Triage and TaleMed will maintain their respective offices in Nebraska and Ohio and will continue to operate under their current brands. The companies plan to unify their brands and operational functions over time. The company’s leadership teams will merge as well. Triage CEO John Maaske will lead as CEO, and TaleMed President, Ken Tracy will serve as President.
As for M&A activity, Triage Medical Staffing last reported a deal in July 2019, adding Minnesota-based Aspen Medical Staffing to its network. Founded in 2014, Aspen Medical Staffing places rehabilitation therapy professionals in travel, contract and permanent positions. The acquisition bolstered Triage Medical’s rehabilitation team. No terms were disclosed.
However, due to the COVID-19 pandemic, there haven’t been as many acquisitions focused on healthcare staffing firms, a stark difference from 2019. With hospitals strapped for resources, health systems around the country had to either freeze hiring or lay off employees.