Travel Nurse Across America (TNAA), a portfolio company of Gridiron Capital, and Stella Point Capital’s subsidiary TotalMed have merged to offer healthcare staffing and managed service provider (MSP) solutions.
The new entity will offer a range of services to both healthcare professionals and clients, including travel nursing, allied health staffing, workforce solutions, shift fulfilment technology, per diem staffing and locum tenens.
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It will also offer life sciences staffing, health plan staffing, non-clinical hospital roles, strike staffing, and industry support resources.
Candidates will be given a wider array of career options and personalised support, while clients can expect more streamlined solutions that cover all facets of workforce management.
TNAA CEO Tim McKenzie will serve as CEO of the combined entity following the merger, whose financial details have not been disclosed.
McKenzie said: “Our shared vision, values and commitment to innovation will allow us to not only meet but exceed the expectations of the healthcare industry.
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By GlobalData“This merger represents a transformative moment that positions us as a premier partner for healthcare talent and solutions.”
The merger also includes the integration of TNAA’s SimpliFi with TotalMed’s Staffency, which will combine both organisations’ capabilities with the aim to offer more agile and data-driven workforce strategies to more than 2,200 care sites across the US.
TotalMed CEO Sejal Shah said: “This merger is about coming together to offer something greater than we could achieve independently.
“We’re building an organisation that is not just larger, but smarter and more capable, with a clear focus on delivering extraordinary value to everyone we serve.”
Houlihan Lokey and Finn Dixon & Herling provided exclusive financial and legal advisory services, respectively, to TNAA for this transaction.
UBS Investment Bank was TotalMed’s financial adviser for the deal while Fried, Frank, Harris, Shriver & Jacobson offered legal support.
