TNAA and TotalMed merge to supply options for well being care workers
Journey nurse about America (TNAA), a portfolio firm from Gridiron Capital, and the subsidiary of Stella Level Capital have merged to supply options for the care supplier and managed service supplier (MSP).
The brand new entity provides a spread of companies to each healthcare and prospects professionals, together with journey nurses, allied well being workers, personnel options, group service know-how, per DIEM workers and locumens.
It should additionally supply the workers of life sciences, the well being plan workers, non-clinical hospital roles, strike workers and sources of assist within the trade.
Candidates obtain a broader vary of profession choices and customized assist, whereas prospects can count on extra streamlined options that cowl all sides of personnel administration.
TNAA CEO Tim McKenzie will function CEO of the mixed entity after the merger, whose monetary particulars haven’t been introduced.
McKenzie mentioned: “Our shared imaginative and prescient, values and dedication to innovation will allow us to adjust to, but in addition to exceed the expectations of well being care.
“This merger is a reworking second that positions us as a number one associate for expertise and options in well being care.”
The merger additionally consists of the combination of TNAA's Simplifi with the workers of TotalMed, who mix the probabilities of each organizations with the goal of providing extra agile and knowledge -driven worker methods to greater than 2,200 care websites within the US.
Totalmed CEO Sejal Shah mentioned: “This merger is about gathering to supply one thing larger than we might attain independently.
“We’re constructing a corporation that isn’t solely bigger, however smarter and succesful, with a transparent deal with delivering extraordinary worth to everybody we serve.”
Houlihan Lokey and Finn Dixon & Herlinging offers unique monetary and authorized advisory companies to TNAA for this transaction.
UBS Funding Financial institution was the monetary adviser of Utommed for the deal, whereas Fried, Frank, Harris, Shriver & Jacobson supplied authorized assist.
