Investment firms buy Medical Solutions, 2nd largest travel nurse provider

August 30, 2021 — Private equity firm TPG Growth has inked a deal to sell medical staffing provider Medical Solutions to investment firms Centerbridge Partners LP and Caisse de dépôt et placement du Québec.

The sale is expected to close in the fourth quarter subject to closing conditions and approvals. Terms or value for the transaction were not disclosed.

Staffing Industry Analysts ranks Medical Solutions as the fourth-largest US healthcare staffing firm and second-largest provider of both travel nurses and allied healthcare professionals.

“With the support and expertise of Centerbridge and CDPQ, we will be even better positioned to help meet the increased need for skilled healthcare professionals and talent management nationwide,” Medical Solutions CEO Craig Meier said in a statement.

Based in Omaha, Nebraska, the company was founded in 2001. It provided clinicians to more than 4,500 healthcare facilities in the US in 2020.

In 2019, Medical Solutions acquired C&A Industries. At the time both companies were among the largest US healthcare staffing providers.

It wasn’t the company’s only acquisition. It acquired PPR, a provider of travel nurse staffing and interim leadership for acute and post-acute markets, in early 2018.

TPG Growth acquired Medical Solutions’ in June 2017.

Medical Solutions has offices in San Diego; Cincinnati; Denver; Tampa, Florida; Jacksonville, Florida; and Tupelo, Mississippi in addition to its Omaha headquarters.