Healthcare Staffing Report: July 20, 2017

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Private equity firm completes Medical Solutions acquisition

Private equity firm TPG Growth on June 15 closed on its acquisition Medical Solutions, an Omaha, Neb.-based nurse staffing firm, from Beecken Petty O’Keefe & Co. The deal was first announced May 8.

Terms of the transaction were not disclosed, but the initial agreement called for Beecken Petty O'Keefe & Co. to retain an equity stake in the company and the current leadership to remain.

Medical Solutions provides more than 1,600 hospitals nationwide with travel nurses and also operates as a managed service provider. It ranks fifth on Staffing Industry Analysts’ list of largest travel nurse staffing firms in the US and appeared on this year’s Best Staffing Firms to Work For list.

TPG Growth is the middle market and growth equity investment platform of global private investment firm TPG. It counts more than $8.3 billion of assets under management, and targets investments in a range of industries and geographies. Last year, TPG Growth acquired Frank Recruitment Group, a UK-based niche recruitment firm for IT professionals who specialize in enterprise software.

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