TheraEx Staffing is merging with SVC Group in a deal that closed in June, the companies announced in a July 26 press release.
Based in Concord, California, TheraEx Staffing provides travel nursing and allied healthcare professionals on a per diem and travel basis. It also began a locum tenens business two years ago, and growth of this division is a primary focus.
Staffing Venture Capital, also called SVC Group, provides best-in-class talent in the recruitment industry. SVC is based in Nevada and owned by the Fante family.
Both companies will merge expertise and resources to create a more comprehensive entity. Both firms are retaining their distinct entities and operational structures. Terms of the transaction were not announced.
This marks SVC Group’s third acquisition of the year. The company also acquired healthcare staffing providers TeamRecruit and OCal Solutions earlier in July.
According to data captured in the LevinPro HC database, this acquisition represents the 11th healthcare staffing transaction of 2024. Other acquirers in the space this year have been Olympus Partners, MedSource Travelers, GQR, GHR Healthcare, Knox Lane, ShiftMed, Arthur Lawrence and Aya Healthcare. There were 29 healthcare staffing deals announced during 2023, and 35 announced during 2022.
