Temporary staffing firm Hallam Medical has secured a £3.3 million (US$5.6 million) investment from private equity house Key Capital Partners (KCP). The Sheffield-based business, which supplies the National Health Service and private healthcare providers in the primary care markets, is forecasting sales of £14 million in the year to April 2014, reports The Yorkshire Post.

Hallam was founded in 2007 and employs 40 staff and deploys around 400 nurses. The firm opened its London office in 2013 to expand its offering to clients in the south of England.

KCP investment partner Mike Fell and director Philip Duquenoy managed the transaction. As part of the investment, Duquenoy will join Hallam’s board as a non-executive director.

“With the shortage of senior NHS staff expected to worsen in the next five years, there is a huge opportunity for Hallam to grow rapidly,” Fell said. “We are pleased to be part of the journey and will offer the support necessary to assist the team in building a valuable business in an attractive and growing sector.”