House of HR, a Belgium-based staffing firm, has acquired 100% of Netherlands-based TMI, an HR service provider for the healthcare sector in the Netherlands.

TMI is responsible for the recruitment of profiles for hospitals, public care institutions, ambulance staff, and nursing homes in the Netherlands and abroad. The firm also supplies temporary staff and freelancers. The profiles they work with include doctors, nursing staff, psychologists, and pharmacists.

The acquisition is subject to the approval of the Dutch competition authority. The price was not disclosed.

Current CEO and founder Noël de Vries will remain in charge of TMI and is reinvesting a large part in House of HR.

TMI's 2020 gross turnover was €71.3 million. Its 2021 gross turnover is expected to be close to €100 million.

The company is headquartered in Amsterdam and has an extensive presence in the Netherlands.

Rika Coppens, CEO at House of HR said, “This year 2022 is off to a good start for us. Not only is the organic growth very strong post-Covid, but after last month’s acquisition of the German company Solcom, we have more good news to announce today.”

“While Solcom fulfils our ambitions in IT recruitment, the acquisition of the Dutch TMI gives us a solid foundation to build on in the Dutch health care staffing and recruitment market,” Coppens added. “Last year, we also bought the German company Avanti, which is active in the same sector. The fact that Noël remains in charge of TMI and is investing further in House of HR gives us great confidence in the future."

With the TMI acquisition, House of HR aims to have a much stronger presence in the health care sector, a market in which the group has long wanted to position itself on a larger scale. In the short term, House of HR wants to develop a specialised branch of HR services for health care within the group.

Andres Cano, CFO at House of HR, said, “This acquisition will be realised with our own funds. Next to this, we are pleased that the financial market shows great confidence in House of HR as the add on Term Loan B was successfully completed at €190 million euros (instead of 150 million), and the orders by investors were twice as high. This huge interest from investors helps us to further execute our strategy in the coming months and grow both organically and through M&A."

De Vries said, 'We're looking forward to further growth and spreading our wings at the European level with the help of House of HR. We're now working with a talent pool of more than 4,000 profiles and want to increase this even further. We are delighted to do this in collaboration with a successful European HR group which has a great deal of digital expertise. In turn, we are happy to further progress their expertise within the health care sector.'