Private equity firm BV Investment Partners has announced a growth-oriented investment in Hardenbergh Group, a provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
Founded in 1991 by Mary Hardenbergh and based in Livonia, Michigan, Hardenbergh Group offers services in consulting and the interim staffing of medical services professionals and other non-clinical roles essential to patient safety, quality of care and other governance, risk and compliance requirements of leading healthcare organizations.
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested approximately $4.8 billion, actively targeting investments in the tech-enabled business services, software and IT services industries. The firm is based in Boston.
Silvermark Partners LLC served as financial advisor and Bass, Berry & Sims PLC served as legal counsel to Hardenbergh Group. Ropes & Gray LLP served as legal counsel to BV. Financial terms of the deal were not disclosed.
According to data captured from the LevinPro HC database, this acquisition represents the 19th healthcare staffing transaction of 2023. By comparison, there were 21 healthcare staffing deals reported between January 1, 2022, and August 16, 2022.
