Healthcare Staffing Report: Jan. 12, 2017

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Private equity recapitalizes MedPro Healthcare Staffing

Private equity firm Harren Equity Partners completed the recapitalization of Management Health Systems LLC, dba MedPro Healthcare Staffing. The investment will be used to fund further growth.

The transaction closed Nov. 27. Terms were not disclosed, but the three original investors of MedPro will continue to hold an ownership position.

Sunrise, Fla.-based MedPro provides diversified medical staffing — including registered nurses, allied health professionals, physical therapists and medical technologists — to healthcare providers throughout the US. MedPro’s client base includes acute care hospitals, skilled nursing facilities, home health companies, outpatient centers, dialysis centers and lab facilities. The company employs clinical professionals recruited from various countries around the world, providing both temporary travel staffing services as well as temporary-to-permanent staffing solutions.

“As we look forward to driving continued growth and expansion, the partnership with Harren will be extremely valuable in terms of facilitating access to both financial as well as strategic resources,” said MedPro CEO Liz Tonkin. “Given Harren’s experience working with similar businesses, we felt like they were the right partner to help us execute on our long-term goals. Our focus will remain on our customers, our employees, and continuing to grow our market share in an ever-evolving healthcare landscape.”

Harren Equity Partners is a Charlottesville, Va.-based private investment firm targeting investment opportunities in the lower middle market, defined as companies with $20 million to $200 million of annual revenue in a broad range of industries.