M&A Deal Summary

Thomas H. Lee Partners Acquires Healthcare Staffing Services

On September 23, 2015, private equity firm Thomas H. Lee Partners acquired staffing company Healthcare Staffing Services from Altaris

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 1st transaction in the Staffing sector.
  • This is Thomas H. Lee Partners’ 41st transaction in the United States.
  • This is Thomas H. Lee Partners’ 2nd transaction in Colorado.

M&A Deal Summary

Date 2015-09-23
Target Healthcare Staffing Services
Sector Staffing
Buyer(s) Thomas H. Lee Partners
Sellers(s) Altaris
Deal Type Recapitalization

Target

Healthcare Staffing Services

Greenwood Village, Colorado, United States
Healthcare Staffing Services is a provider of healthcare staffing services. It specializes in providing nationwide “rapid response” nurse staffing services to healthcare facilities that have urgent needs for qualified nurses, generally for multiple weeks at a time. Healthcare Staffing Services was founded in 1989 and is based in Greenwood Village, Colorado.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 50 of 90
Sector (Staffing) 1 of 2
Type (Recapitalization) 5 of 11
State (Colorado) 2 of 3
Country (United States) 41 of 77
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Black Knight

Jacksonville, Florida, United States

Black Knight is a provider of integrated technology, services and data solutions that facilitate and automate many of the business processes across the entire loan lifecycle. Black Knight was founded in 2013 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 GCA Services Group

Cleveland, Ohio, United States

GCA Services Group, Inc. is a provider of quality facility services, including janitorial/custodial services, contamination control for cleanroom manufacturing, facilities operations and maintenance services, grounds and athletic field management services, diversified staffing, and more.

Buy -

Seller(S) 1

SELLER

Altaris

New York City, New York, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 16 of 24
Sector (Staffing) 1 of 1
Type (Recapitalization) 1 of 3
State (Colorado) 1 of 1
Country (United States) 14 of 22
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 International Medical Group

Indianapolis, Indiana, United States

International Medical Group, Inc. is a provider of medical insurance products and assistance services. IMG offers a full line of international medical insurance products, as well as trip cancellation programs, medical management services and 24/7 emergency medical and travel assistance all designed to provide members Global Peace of Mind® while they’re away from home. International Medical Group, Inc. was established in 1989 and is headquartered in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Patient Accounts Services

Houston, Texas, United States

Patient Accounts Services LLC is a provider of the healthcare industry with a revenue cycle management/AR Firm that recovers cash in a minimum number of days while providing patients with impeccable, complaint free, and customer service.

Buy -