Edmond, Oklahoma-based AHS Staffing, a healthcare staffing services provider, has appointed Steven Francis as executive chairman. Francis is the co-founder and former chairman/CEO of AMN Healthcare. AHS Staffing is portfolio company of BelHealth Investment Partners.
New York, New York – October 20, 2016 – AHS Staffing (“AHS” or the “Company”), a leading provider of healthcare staffing services and a BelHealth Investment Partners (“BelHealth”) portfolio company, announced that Steven Francis, Co-Founder and Former Chairman and CEO of AMN Healthcare (“AMN”) (NYSE: AHS), has joined AHS as Executive Chairman.
Mr. Francis founded AMN with his wife Gayle in 1985. Mr. Francis led the company as Chief Executive Officer until 2005, and served as Chairman of the Board until 2008. Mr. Francis spearheaded AMN’s exponential organic growth and facilitated the execution of many accretive add-on acquisitions. AMN is the country’s largest staffing company with $1.7 billion in revenue. Following his tenure at AMN, Mr. Francis served as Chairman of Medical Solutions, a leading, private equity owned healthcare staffing company. Medical Solutions grew rapidly beginning in 2012 until its sale to a private equity fund in 2015.
Mark Smith, Chief Executive Officer of AHS said “We are excited to welcome Steven to the team. We are well positioned to take advantage of the positive tailwinds in the staffing industry and execute on our growth plan. We look forward to leveraging Steven’s incredible industry experience and successes to help AHS accelerate its growth.”
Harold S. Blue, Managing Partner of BelHealth Investment Partners said, “Steven is one of the country’s most experienced healthcare staffing entrepreneurs and we are thrilled to have him leading our team. We have worked with Steven for several months to build our healthcare staffing investment thesis. We will build upon AHS’ excellent foundation and create a national and diversified company. With Steven guiding our management team, we are set to hit the ground running and aggressively execute our growth plan.”
Steven Francis, Executive Chairman of AHS added, “I am excited to take on the Executive Chairman role with AHS. Following my 23 years building AMN, I enjoyed my experience growing Medical Solutions, a sponsored back healthcare staffing business that was successfully sold in 2015. We achieved great success and I look forward to replicating our accomplishments with BelHealth. Mark, Jerick and the AHS team have built an exceptional business that is poised to achieve exponential growth in the years ahead. With BelHealth’s resources and network and the team we have put together, we are well positioned to build a leading, national, diversified healthcare staffing platform.”
About AHS Staffing
With headquarters in Edmond, Oklahoma, AHS Staffing is a leading provider of healthcare staffing services focused on placing pharmacy professionals and dialysis travel nurses. Since inception, the Company has realized significant growth and is well positioned to take advantage of positive trends in the healthcare staffing industry. AHS is focused on driving organic growth in its two existing divisions and acquiring companies in growing and attractive areas of healthcare staffing including travel and per diem nursing, locum tenens, physical therapy and lab.
About BelHealth Investment Partners
BelHealth Investment Partners, based in New York, is a healthcare private equity firm focused on lower middle market companies. BelHealth has a unique combination of investing, executive management and entrepreneurial experience. BelHealth acquires majority positions in entrepreneur-owned companies that it believes would benefit from its extensive operating and private equity investment expertise. The firm typically invests $20-50 million per platform company across three core healthcare segments: Services, Products and Distribution. BelHealth is currently investing from Fund II, a $350 million fund.
For further information, please visit: AHS Staffing: www.ahsstaffing.com
BelHealth Investment Partners: www.belhealth.com