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Accountable acquires allied health division in Florida

September 15, 2014

Accountable Healthcare Staffing Inc. acquired the allied health staffing business of Port Orange, Fla.-based PARX Group. PARX Group’s healthcare division operates out of one office in Port Orange.

The transaction closed Sept. 1; terms were not disclosed. The deal includes field professionals, client contracts and associated databases and represents the 11th acquisition for AHS since April 2012.

The PARX Group will continue to operate its legacy IT business under its brand name and its executives will remain with the IT business.

The profit margins of healthcare staffing companies are being squeezed by the growth of group purchasing organizations (managed service programs, vendor management systems), which can make it harder to for smaller companies to compete, according to Eddie Albert, AHS’ director of mergers and acquisitions.

“Accountable has an acquisition model that allows companies to team with us and create value in their business; the PARX deal is one such transaction wherein the ownership group monetized the value of their business by teaming with Accountable,” Albert said. “We welcome companies to contact Accountable to explore this opportunity.” 

AHS has offices in 17 states and ranks 14th on Staffing Industry Analysts’ list of largest healthcare staffing firms in the U.S.