Healthcare Staffing Report: Nov. 9, 2017

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Private equity firm acquires Cirrus Medical Staffing for $37 million

Private equity firm Webster Capital Management LLC on Oct. 19 acquired Cirrus Medical Staffing Inc. from A. Soriano Corp, also known as Anscor, for a purchase price of $36.9 million, according to a filing with the Philippine Stock Exchange.

Anscor acquired Cirrus Medical Staffing in early 2008.

“We are excited to partner with Cirrus to assist them in continuing to staff high-quality healthcare professionals across the country,” said David Malm, co-managing partner and head of healthcare services at Webster Capital. “The company has an exceptional track record and is well-positioned to capitalize on a range of growth opportunities in the coming years.”

Cirrus Medical ranks on Staffing Industry Analysts’ list of largest healthcare staffing firms in the US. The Charlotte, N.C.-based firm was formed in 2004 and places travel nursing and allied healthcare professionals nationwide.

Cirrus Medical Staffing Inc. owns 100% of Cirrus Holdings USA LLC, a North Carolina limited liability company as well as Cirrus Global Services Inc., a Philippine domiciled company that provides finance and administrative support services.

Webster Capital is a Massachusetts-based private equity firm with more than $600 million of committed capital.