LJC Investments V, LLC, an investment vehicle controlled by Littlejohn Capital LLC, has acquired Alto Healthcare Staffing, a diversified healthcare staffing firm.
AHS was established in 2003 and follows the values and mission of its founder, Leslie Kahn. The firm’s three key business lines include providing clinical temporary staffing for nursing homes and long-term care facilities, travel nurses for hospitals, and medical assistants for doctors’ offices.
“With their partnership, we believe we can grow while remaining true to our mission,” added Kahn. “Littlejohn will provide valuable resources to help us accelerate our growth and build on our relationships with healthcare facilities, hospitals and doctors. Our goal is to provide industry leading services to more customers and provide the right healthcare professionals to patients wherever they are needed most.”
“The healthcare staffing industry is experiencing dynamic growth, and Alto’s services have become a more viable and easily accessible option for healthcare facilities across the country,” commented Angus Littlejohn III, Littlejohn president. “We look forward to working with Leslie to help achieve her vision of expanding Alto’s compassionate care and leveraging the experience from our successful investment in Hospitality Staffing Solutions as we further diversify the business geographically.”
UHY Corporate Finance served as financial adviser to Alto and Morrison Cohen LLP provided legal counsel to Littlejohn Capital on the transaction.