McCarthy Capital Completes Exit of Medical Solutions
Omaha, NE — September 1, 2015 — Medical Solutions, one of the nation’s largest and fastest growing interim clinical staffing companies, has completed a recapitalization with new investment partners Beecken Petty O’Keefe & Company (BPOC) and Heritage Group.
BPOC and Heritage Group each offer extensive expertise and connections within the healthcare industry, which makes them well-suited, complementary partners for the next critical growth phase for Medical Solutions.
“Forging these new partnerships became possible due to the incredible growth we’ve experienced throughout the past three years,” said Craig Meier, Medical Solutions CEO. “Tenex and McCarthy Capital have been outstanding partners, and we look forward to continued growth with BPOC and Heritage. Our new partners are an ideal fit and we couldn’t be more excited about this evolution.”
Exiting shareholders, Tenex Capital Management and McCarthy Capital were instrumental in helping Medical Solutions grow revenue by nearly five times during their investment, through both organic growth and the 2013 acquisition of OA Nurse Travel.
“As this chapter closes, we are confident Craig and his team will only continue to thrive in the next stage of Medical Solutions’ growth,” said Varun Bedi, Managing Director at Tenex.
“Working with the wonderful team at Medical Solutions has been a great experience,” said Patrick Duffy, President & Managing Partner at McCarthy Capital. “We wish them continued growth and all the best in the future.”
Medical Solutions maintains a commitment to providing “Service that inspires” to its hospitals, travel nurses, and internal team, which continues to drive its successful track record of growth with integrity.
“Our firm anticipates a fantastic relationship with Medical Solutions,” said Peter Magas, Principal at BPOC. “We admire their commitment to authenticity, quality, and their people. We think this is a compelling formula for growing their presence and influence within the healthcare industry.”
ABOUT MCCARTHY CAPITAL FUND V
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private equity firm focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. For more information, please visit McCarthyCapital.com.
ABOUT MEDICAL SOLUTIONS
Medical Solutions L.L.C. is a healthcare staffing firm that specializes in placing registered nurses in temporary travel assignments throughout the nation. The company is one of the largest Travel Nurse staffing agencies in the United States, with locations in Omaha, San Diego, Cincinnati, and Tupelo, MS. Medical Solutions was one of the first Travel Nursing and Allied Healthcare staffing companies to be certified by the Joint Commission and has been continuously certified since January 2005. Medical Solutions was named one of the top three staffing firms to work for in Staffing Industry Analysts’ 2013 “Best Staffing Firms to Work For,” has been named eight times to the Inc. 5000 list of fastest-growing private companies, and its flagship Omaha office won the 2014 Better Business Bureau Integrity Award. A nationwide network of qualified healthcare providers allows Medical Solutions to help its client hospitals continue to provide excellent patient care amidst a nursing shortage. Medical Solutions has contracts with 1,500+ client hospitals nationwide and is one of the fastest-growing companies in the Travel Nursing industry. Visit MedicalSolutions.com to learn more.
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