M&A Deal Summary

AMN Healthcare Services Acquires Nursefinders

On July 28, 2010, AMN Healthcare Services acquired staffing company Nursefinders from Pharos Capital Group, Haas Wheat and Partners and Goldman Sachs Merchant Banking for 220M USD

Acquisition Highlights
  • This is AMN Healthcare Services’ 7th transaction in the Staffing sector.
  • This is AMN Healthcare Services’ 4th largest (disclosed) transaction.
  • This is AMN Healthcare Services’ 8th transaction in the United States.
  • This is AMN Healthcare Services’ 2nd transaction in California.

M&A Deal Summary

Date 2010-07-28
Target Nursefinders
Sector Staffing
Buyer(s) AMN Healthcare Services
Sellers(s) Pharos Capital Group
Haas Wheat and Partners
Goldman Sachs Merchant Banking
Deal Type Add-on Acquisition
Deal Value 220M USD

Target

Nursefinders

San Diego, California, United States
Nursefinders, Inc. is a nurse staffing companies to hospitals and other healthcare facilities and a major provider of home healthcare services. Through its network of approximately 120 medical staffing and home health care offices, Nursefinders provides RNs, LPN/LVNs, home health aides, therapists, medical social workers, nursing assistants, companions and other healthcare and medical clerical professionals to more than 4,200 hospitals, nursing homes, healthcare centers and patients across the U.S.

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Buyer(S) 1

Buyer

AMN Healthcare Services

Dallas, Texas, United States

Category Company
Founded 1985
Sector Staffing
Employees3,585
Revenue 3.8B USD (2023)
DESCRIPTION
AMN Healthcare's corporate headquarters in San Diego, California.
AMN Healthcare's corporate headquarters in San Diego, California.

AMN Healthcare Services is a provider of healthcare staffing and clinical workforce management solutions. AMN Healthcare was incorporated in 1985 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 8 of 21
Sector (Staffing) 7 of 13
Type (Add-on Acquisition) 8 of 21
State (California) 2 of 6
Country (United States) 8 of 21
Year (2010) 1 of 1
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Platinum Select

Dallas, Texas, United States

Platinum Select, a provider of travel allied staffing firms. Platinum Select providing high- quality clinicians and high-touch personal service, superior flexibility and premium solutions to clients and professionals.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 ShiftWise

Portland, Oregon, United States

ShiftWise, is a provider of web-based healthcare workforce solutions – including its vendor management system (VMS) – to hospitals and other healthcare systems. ShiftWise technologies help manage internal float pool resources, contingent staffing vendors, time and attendance, and credentialing, while seamlessly integrating staffing resources into one proprietary system.

Buy -

Seller(S) 3

SELLER

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.


DEAL STATS #
Overall 12 of 23
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 5 of 11
State (California) 1 of 1
Country (United States) 11 of 22
Year (2010) 3 of 5
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-06 Converge

Peabody, Massachusetts, United States

Converge is a trading exchange for electronic components, computer products and networking equipment. Converge provides a high degree of market liquidity by aggregating supply and demand from thousands of component, original equipment and contract manufacturers, as well as distributors and resellers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-27 StreamServe

Burlington, Massachusetts, United States

StreamServe, Inc. is a provider of enterprise content management solutions for banking, supply chain, insurance, and utilities industries.

Sell $71M
SELLER

Haas Wheat and Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Haas Wheat & Partners private equity firm specializing in strategic equity investments and leveraged buyouts of both private and public middle-market companies. Haas Wheat focuses on companies headquartered in the US and looks to commit between $25 and $200 million of equity per transaction. Target industry sectors include healthcare, consumer products and services, and specialized business services and manufacturing. Haas Wheat & Partner was formed in 1992 and is based in Dallas, Texas.


DEAL STATS #
Overall 5 of 7
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 5 of 7
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Playtex Products

New Providence, New Jersey, United States

Playtex Products, Inc. is a manufacturer of a diversified portfolio of well-recognized, market personal care and consumer products including feminine care, infant care, and skin care products. .

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 LCA - Vision

Cincinnati, Ohio, United States

LasikPlus is a provider of fixed site laser vision correction services in the United States, operating 61 vision correction centers in 44 domestic markets under its LasikPlus brand name.

Sell $106M
SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 27 of 109
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 6 of 37
State (California) 1 of 6
Country (United States) 20 of 77
Year (2010) 4 of 5
Size (of disclosed) 28 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-27 AssuraMed

Twinsburg, Ohio, United States

AssuraMed, previously known as HGI Holding, Inc., is a leading mail-order, direct-to-consumer provider of disposable medical products to chronic disease patients. AssuraMed operates through its Edgepark Medical Supplies and Independence Medical divisions, offering its large and fragmented customer base more than 30,000 products addressing a diverse set of chronic disease market segments including ostomy, diabetes, urological, enteral, incontinence and wound care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Axon Digital Design

Gilze, Netherlands

Axon Digital Design designs and markets high quality broadcast equipment for the conversion, processing, routing and compliance recording of audio and video signals. Axon Digital Design was founded in 1987 and is based in Gilze, Netherlands.

Sell -