Kirkland & Ellis served as legal advisors to TPG Growth and Medical Solutions, and Koley Jessen served as legal advisors to C&A Industries and the sellers. UBS Investment Bank. In 2017, Medical Solutions partnered with TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. For more information, visit ca-industries.com. “Equally important is what our integration journey will bring from an employee perspective. How to download, complete, and submit your timesheet, Travel healthcare videos featuring important tips and info, Subscribe to stay up on news, how-tos, locations, and more, Medical Solutions Closes Deal on C&A Industries, Inc. Acquisition. TPG Growth helped facilitate the transaction and will continue to be an active partner to Medical Solutions and C&A Industries. About C&A Industries, Inc. C&A is a national leader in staffing and recruiting. News of the deal was first reported by Reuters All quotes delayed a minimum of 15 minutes. UBS Investment Bank UBSG.S and Sun Trust Robinson Humphrey Inc advised TPG Growth. Medical Solutions L.L.C. With $11.5 billion invested in healthcare, $7.4 billion of that in the past decade, TPG has investments in the sector ranging from pharmaceutical companies to technology and data providers that are aligning with secular growth trends or building innovative solutions to emerging challenges. Medical Solutions recently ranked as the fifth-largest healthcare staffing firm and the second-largest in travel nursing for 2019, prior to its acquisition announcement. C&A Industries is the parent company to a portfolio of workforce solutions firms including Aureus Group®, Aureus Medical Group®, AurStaff®, Celebrity Staff™, and FocusOne Solutions®, along with non-staffing affiliates, AurTravel® and AurHomes®. In addition to its core travel nurse business, Medical Solutions also works with hospitals to manage their entire travel nurse staffing process. Why choose Medical Solutions The completed transaction was finalized on October 7. TPG Growth, the growth capital arm of U.S. private equity firm TPG Global, has agreed to acquire Medical Solutions, a U.S. medical staffing company, the companies said on Monday. The growth equity platform of TPG has completed its previously announced deal to buy a majority stake in Medical Solutions from Beecken Petty O’Keefe & Company for a reported $500 million. Aureus Medical Group, the largest of C&A Industries’ affiliates, ranked as the number two player in allied health and the sixth largest temporary healthcare staffing firm in the nation by Staffing Industry Analysts. Medical Solutions’ previous majority owner, Beecken Petty O’Keefe & Company, which acquired it in 2015, will maintain an equity stake in the company. The company connects more than 2,200 healthcare facilities across the country with highly skilled and qualified healthcare professionals. and Sun Trust Robinson Humphrey Inc advised TPG Growth. In 2017, Medical Solutions partnered with TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. Prior to joining TPG in 2015, Josh worked in the investment banking division at Morgan Stanley in New York, focused on financial We’re excited about being able to provide our employees with greater opportunities for growth and a pathway to reach all of their personal and professional goals with Medical Solutions.”. is a healthcare staffing firm that specializes in placing registered nurses in temporary travel assignments throughout the nation. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation and help companies reach their full potential. “We have a remarkable opportunity ahead of us as we join our two companies together, enabling us to provide an even more comprehensive service offering and increase the differentiating value we provide our customers,” said Craig Meier, CEO of Medical Solutions. Our Standards: The Thomson Reuters Trust Principles. As part of the transaction, C&A Industries will continue to operate out of its existing headquarters in Omaha. This field is for validation purposes and should be left unchanged. In August, Medical Solutions officially announced a definitive agreement to acquire C&A Industries. Further terms were not disclosed. Jefferies LLC and Piper Jaffray advised Medical Solutions on the transactions. See here for a complete list of exchanges and delays. The company is one of the largest Travel Nurse staffing agencies in the United States, with locations in Omaha, San Diego, Cincinnati, Denver, and Tupelo, MS. Medical Solutions was one of the first Travel Nursing and Allied Healthcare staffing companies to … We offer strike nursing jobs to experienced nurses who ensure patients receive the care they need. Additionally, UBS provided financing support to TPG Growth and Medical Solutions. TPG Growth, a San Francisco investment company, said Thursday it agreed to acquire a majority of Medical Solutions, a nurse staffing agency based in Omaha, in a transaction to close The deal values Medical Solutions at around $500 million, according to people familiar with the matter. C&A is headquartered in Omaha, Nebraska, with subsidiary offices located in Lincoln and Omaha, Nebraska; Kansas City, Missouri; and Des Moines, Iowa. In 2019, we paid our travelers more than $4,526,700.00 in loyalty and referral bonuses. Medical Solutions, one of the nation’s largest healthcare staffing companies, today announced it has closed the deal on its acquisition of Omaha-based staffing and recruitment firm C&A Industries, Inc. In 2017, Medical Solutions partnered with TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. TPG Growth helped facilitate the … TPG Growth helped facilitate the transaction and will continue to be an active partner to Medical Solutions and C&A Industries. The deal’s close becomes the largest acquisition of a healthcare staffing company in the industry’s history. On May 8, 2017, TPG Growth announced that it had entered into a definitive agreement to acquire a majority stake in Medical Solutions from Beecken Petty O'Keefe & Company (BPOC). Madison Capital Funding was the Joint Lead Arranger and Joint Bookrunner. Through its affiliate firms, Aureus Group®, Aureus Medical Group®, AurStaff®, and Celebrity Staff, C&A has provided Human Capital Management Solutions to a wide variety of industries for 50 years, including supplemental, contract-hire, and direct hire programs. Visit our website to learn more about our workforce solutions and find the right travel nurses and allied health professionals. About TPG Growth TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. Medical Solutions offers a range of dynamic staffing solutions aimed to address hospitals’ specific and ever-changing needs. News of the deal was first reported by Reuters earlier on Monday. TPG has invested more than $10 billion in the healthcare sector, including in Evolent Health Inc, , IASIS Healthcare, Par Pharmaceuticals and Surgical Care Affiliates Inc, Jefferies LLC and Piper Jaffray advised Medical Solutions on the transactions. Medical Solutions provides temporary healthcare staffing services to healthcare facilities in the U.S. With approximately $14.5 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth helped facilitate the transaction and will continue to be an active partner to Medical Solutions and C&A Industries.