Clearview Capital has acquired Advanced Medical Personnel Services. No financial terms were disclosed for the transaction that was done with AMPS management. Based in Port Orange, Florida, AMPS is a staffing solutions provider for the healthcare and education sectors.
Old Greenwich, CT, June 1, 2015 — Clearview Capital Fund III, LP (“Fund III”) announced today the acquisition, in partnership with management, of Advanced Medical Personnel Services, Inc. (“AMPS” or the “Company”).
Headquartered in Port Orange, Florida, AMPS is a rapidly-growing provider of staffing solutions for the healthcare and education industries. Jennifer Fuicelli, the Company’s CEO and majority shareholder prior to the transaction, will continue to lead the management team and retain significant ownership in the Company.
AMPS specializes in the placement of allied health professionals and specialized nurses into skilled nursing facilities, hospitals, home health agencies, K-12 schools and other healthcare settings across the country. Leveraging its unique combination of exceptional recruiting capabilities, an ability to place professionals nationwide and a cutting-edge, proprietary IT system, AMPS is able to differentiate itself from the competition through its access to a deep pool of high-quality healthcare professionals, nationwide customer relationships, often with preferred vendor status, and speed of execution.
“We are excited to join forces with Clearview Capital as we continue to pursue numerous growth initiatives over the next several years,” commented Mrs. Fuicelli. “With access to additional capital and Clearview’s track record of growing companies of similar size to AMPS, both organically and through acquisitions, we believe that there is a tremendous opportunity to further accelerate the Company’s growth while simultaneously expanding the services and opportunities offered to our customers and healthcare professionals.”
“Jennifer Fuicelli and her team have built a very impressive organization with a unique, high-energy culture, and we are excited to partner with them during the next phase of the Company’s growth,” stated Matt Blevins, Principal of Clearview Capital. “The healthcare staffing industry is benefiting from numerous tailwinds, including an aging population that tends to utilize a greater proportion of healthcare services than the general population, improved access to medical care due to a nationwide expansion in insurance coverage, a shortage of healthcare professionals to meet the rising demand that is being created, and higher turnover within healthcare services due to improved economic conditions. All of these factors conspire to create an attractive outlook for healthcare staffing firms, and AMPS will look to play a major role in consolidating the fragmented industry through accretive acquisitions.”
AMPS is the fifth platform investment in Clearview Capital Fund III, LP, a $325 million committed fund raised in 2013. Clearview Capital’s other holdings include Xact Data Discovery, a provider of discovery and data management services; Northwest Cosmetic Laboratories, LLC, a formulator and manufacturer of innovative cosmetic and skin care products; Novik, Inc., a leading manufacturer of innovative polymer exterior siding and roofing 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 consulting services and technology solutions to governmental 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; Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents; The Results Companies, LLC, a provider of customer relationship management solutions; QualSpec Group, a provider of mechanical integrity inspection and non-destructive examination services to the refining, petrochemical, power generation and other industries; and Active Day/Senior Care, Inc. the country’s largest operator of adult day care centers.