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Private equity firm acquires Supplemental Health Care

February 11, 2016

Private equity firm Vistria Group acquired Supplemental Health Care. The Park City, Utah-based healthcare staffing firm ranks No. 7 on Staffing Industry Analysts’ list of largest US healthcare staffing firms.

The transaction closed in December and terms were not disclosed.

Vistria operating partners Greg Palmer and Ron Malone will serve on Supplemental’s board of directors as chairperson and vice-chairperson, respectively. Palmer, the former CEO of RemedyTemp Inc., has 30 years of experience in the staffing industry. Malone is the former chairperson and CEO of Gentiva Health Services and has 30 years of experience in staffing and home healthcare. 

Janet Elkin, Supplemental’s CEO since 2010, and the company's existing leadership team will continue to operate and manage the company.

Founded in 1984, Supplemental Health Care has 60 local offices and four national divisions providing contingent clinical staffing and nurse, allied health, and physician staffing through its recruitment process outsourcing division Clinical Magnet, which Supplemental spun into a new subsidiary company in November.

The company is also expanding its offerings for healthcare staffing in school districts.

“We are excited to have Vistria as our new partner, and appreciate their commitment to our long-term growth,” Elkin said. “In particular, Vistria’s deep relationships with leading healthcare providers and school districts, which is a growth vertical for us, will help us significantly accelerate the growth of our MSP and RPO divisions.”

Vistria is a middle market private equity firm based in Chicago.

“Janet and her team have built a tremendous platform that is well-positioned to help healthcare providers meet the challenges of recruiting and retaining high-quality clinical staff in this supply-constrained environment,” said Vistria’s Amy Christensen, who also will join the board of Supplemental Health Care. “We are very excited about the growth opportunities ahead, particularly in providing healthcare staffing for school districts.”