MidOcean Partners, a middle market private equity firm focused on business services and consumer sectors, has acquired GHR Healthcare from Platform Partners and other investors.
GHR is a provider of healthcare staffing services offering a variety of nursing and managed services. The firm operates three divisions across 11 locations. GHR has a portfolio of brands including General Healthcare Resources, GHR Travel Nursing, GHR RevCycle Workforce, GHR Education, GHR Human Services, GHR Technology and GHR Search.
This is the fourth investment in the human capital business sector for MidOcean. MidOcean focuses on end markets with clear growth trends like pharmaceutical, information technology, engineering and healthcare industries within the human capital space.
“Within our healthcare services initiatives, we identified healthcare staffing as a key thematic area for MidOcean based on the significant enduring labor supply and demand imbalance for healthcare professionals,” added Marc Aronstein, operating partner at MidOcean. “We believe GHR is optimally positioned to address the need for highly valuable human capital to serve the needs of healthcare providers.”
Gibson Dunn & Crutcher LLP acted as legal advisor to MidOcean. Houlihan Lokey served as financial advisor, and Willkie Farr & Gallagher LLP acted as legal advisor to GHR Healthcare.