Healthcare Staffing Report: April 12, 2018

Print

Management and private equity buy CoreMedical Group

Private equity firm Gen Cap America Inc. sponsored a buyout of CoreMedical Group in partnership with management.

Manchester, NH-based CoreMedical Group — a healthcare staffing and recruiting agency providing travel and permanent placement for nurses, allied health professionals and physicians — ranks No. 31 on Staffing Industry Analysts’ 2017 list of largest healthcare staffing firms in the US.

Terms of the transaction were not disclosed.

The CoreMedical management team will be led by Aram Hampoian, who assumed the CEO role upon close and will lead the CoreMedical management team. He has been with CoreMedical since 2004.

“This partnership with Gen Cap America represents a new and exciting phase in the continued development of our business and will open new avenues of opportunity for CoreMedical Group,” Hampoian said.

Gen Cap America is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of lower middle-market businesses. Its other investments in the medical space include Alpha Technics and Advantage Medical Professionals.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.