Investing in middle market companies
in partnership with management

 

Current Investment-FUND III

Acquisition date:  May 22, 2015
Disposition date:  Current Holding

Rapidly-growing provider of temporary staffing solutions to healthcare and educational facilities across the U.S.

Advanced Medical Personnel Services, Inc. (“AMPS”) specializes in the placement of physical therapists, occupational therapists, speech language pathologists and specialized nurses on traveling assignments to over 300 facilities nationwide, which include nursing homes, hospitals, home health organizations and school systems. AMPS has developed an excellent reputation in the industry by combining strong candidate recruitment and retention capabilities with a dedication to responsive customer service, the result of which has been tremendous recent growth. Additionally, AMPS is the beneficiary of secular trends in the underlying healthcare market that are set to provide strong tailwinds for growth into the future. These include an aging population, with the elderly significantly more likely to utilize therapy services, greater access to healthcare coverage as a result of the Affordable Care Act, increasing utilization of physical, occupational and speech therapy in a continued effort to reduce costly hospital readmissions and an overall shortage of qualified nurses and therapists, especially in less desirable, harder-to-serve locations. Management is seeking to supplement its organic growth trajectory with add-on acquisitions to expand its customer relationships and add complementary service capabilities.

The transaction closed on May 22, 2015. Clearview invested equity from Clearview Capital Fund III, LP. Senior debt was provided by Silicon Valley Bank. Mezzanine debt was provided by PNC Erieview Capital.

 
Add-on Acquisitions Completed:

Rise Medical Staffing
Rise Medical Staffing, LLC
Sacramento, CA
Healthcare staffing firm specializing in the placement of registered nurses on 13-week travel assignments nationwide

Innovative Placements- AMPS- Logo
Innovative Placements, Inc. 
Noblesville, IN
Healthcare staffing firm specializing in the placement of registered nurses on 13-week travel assignments nationwide


pdf Seeking Add-on Acquisitions-Click here for Criteria