Advanced Medical Personnel Services, Inc., a portfolio company of Clearview Capital Fund III, L.P., completed its acquisition of Rise Medical Staffing, LLC. Based in San Francisco, Rise provides travel nurse staffing to healthcare facilities in the U.S.
Clearview Capital Fund III, L.P. (“Fund III”) announced today that its portfolio company, Advanced Medical Personnel Services, Inc. (“Advanced Medical” or the “Company”), has completed the acquisition of Rise Medical Staffing, LLC (“Rise”).
Headquartered in Sacramento, CA, with an additional office in Portland, OR, Rise is a rapidly-growing provider of travel nurse staffing solutions to hospitals and other healthcare facilities throughout the United States. Rise was founded in 2003 to provide short and long-term staffing solutions to healthcare facilities struggling with nurse shortages.
“This acquisition is key to our overall growth and diversification strategies,” said Jennifer Fuicelli, CEO of Advanced Medical. “Rise provides a meaningful boost to our revenue base, while significantly expanding our existing nurse travel business segment. In addition, our shared emphasis on a progressive company culture, constant technological innovation, and the delivery of exceptional patient care makes for a perfect match.”
“We’re excited about the Rise acquisition and the overall opportunity in the healthcare staffing market moving forward,” said Matt Blevins, Principal of Clearview Capital. “While Advanced Medical continues to grow at a rapid pace organically due to favorable industry dynamics, the Rise transaction specifically bolsters the Company’s travel nurse staffing business, providing additional scale, which we believe will result in further consolidation opportunities. With an excellent management team and what we believe to be an industry-leading, proprietary technology platform, we will continue to aggressively pursue add-on acquisitions, primarily focused on travel nursing and travel therapy operations, as well as healthcare staffing firms placing therapists into school- based settings.”
Advanced Medical is a nationwide healthcare staffing firm specializing in the placement of allied health and nursing professionals into hospitals, skilled nursing facilities, home health agencies, K-12 schools and other healthcare settings across the country. The Company leverages its unique combination of exceptional recruiting capabilities, an ability to place professionals nationwide and a cutting-edge, proprietary IT platform to differenti- ate itself from other healthcare staffing firms. Advanced Medical has offices in Port Orange, FL, Broomfield, CO, Sacramento, CA and Portland, OR.
Clearview Capital’s other holdings include Controlled Products, LLC a manufacturer and distributor of premium synthetic turf; Xcellence, Inc. d.b.a. Xact Data Discovery, a provider of discovery and data management services; Northwest Cosmetic Laboratories, LLC, a formulator and manufacturer of cosmetic and skin care products for prestige brands; Novik, Inc., a manufacturer of innovative polymer building products; St. Croix Hospice, LLC, a provider of high-quality, palliative care for hospice patients; QC Supply, LLC, a leading wholesale distributor to the swine and poultry markets; GCR, Inc., a professional services firm delivering technology solutions to govern- mental and commercial clients; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country’s largest provider of prescribed pediatric extended care (“PPEC”) centers for medically complex children; and Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents.