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Investment firms acquire Medical Solutions

September 03, 2015

Investment partners Beecken Petty O'Keefe & Company and Heritage Group acquired 100% of the stock of travel nurse provider Medical Solutions from Texex Capital Management and McCarthy Capital.

The transaction closed Aug. 31; terms were not disclosed.

“Forging these new partnerships became possible due to the incredible growth we’ve experienced throughout the past three years,” said Medical Solutions CEO Craig Meier. “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.” 

The recapitalization with the new investment partners will fund organic growth and future acquisitions.

Beecken Petty O'Keefe & Company, a Chicago-based private equity management firm focuses on the healthcare industry. Last year, Beecken Petty O'Keefe & Company affiliate RCM Acquisition Inc. acquired Kforce Healthcare Inc. for $119 million.

Heritage Group is a Nashville, Tenn.-based healthcare-exclusive venture capital firm.

Medical Solutions ranks fourth on Staffing Industry Analysts list of largest travel nurse staffing firms in the US and No. 13 on the list of largest healthcare staffing firms in the US.