Accountable Healthcare Holdings Corp., a Boca Raton, Fla-based healthcare staffing provider, completed the acquisition of Med-Staff Oklahoma, a Tulsa, Oklahoma-based firm that focuses on travel nurse staffing. Terms of the deal were not released.
Accountable Healthcare Holdings Corp., a Boca Raton, Florida-based healthcare staffing provider, completed the acquisition of Med-Staff Oklahoma, a Tulsa, Oklahoma-based staffing firm that focuses on travel nurse staffing. Med-Staff also provides physical and occupational therapists and diagnostic imaging technicians.
Med-Staff founders Stan Tallon and Julie Pickens will continue to manage the growth of the business after the acquisition. Med-Staff will also continue to operate under its own brand as part of Accountable Healthcare.
“This transaction represents an ideal combination for our clients, healthcare professionals, and team members,” said Stan Tallon, CEO of Med-Staff Oklahoma. “As we move forward with the integration, we are confident that we will be able to more effectively meet the needs of our clients across a broader spectrum of clinical specialties and services.”
“On the heels of a gradually improving economy, we are seeing an improved market place for health care staffing companies with a focus on travel nurse and allied services,” commented Steve Braff, The Braff Group Managing Director who headed up the deal team representing Med-Staff Oklahoma. “As the unemployment rate falls, we anticipate escalating demand for talent that will translate into higher transaction volume and values.”
About The Braff Group
The Braff Group is the leading merger and acquisition advisory firm specializing in the hospice, home health care, specialty pharmacy, infusion therapy, behavioral health and social services, home medical equipment, and health care staffing market sectors. The firm provides an array of transactional advisory services including sell side representation, debt and equity recapitalizations, strategic planning, and valuation. Since being founded in 1998, The Braff Group has completed more than 185 transactions. From 2008-2010, based upon deals completed, the firm was ranked number 1 in US Healthcare Services transactions (Source: Thomson Reuters).