Medical Temps' Integration with Health Advocates Expands U.S. Staffing Footprint
Deal News | Dec 09, 2024 | EIN
Health Advocates Network, Inc., a leading U.S. healthcare staffing provider, has completed the acquisition of Medical Temps, Inc. (MTI), a Louisiana-based healthcare and correctional facilities staffing firm. MTI will operate as a separate unit under its established Joint Commission certified brand. MTI, founded in 2000 and recognized as one of the premier nurse staffing agencies in Louisiana, is expected to benefit from Health Advocates Network's experienced management and resources, offering expanded career opportunities and geographic growth into Texas and Arkansas. Sarah Calhoun Allbritton, MTI's Founder and CEO, expressed confidence in handing over her legacy to Health Advocates' seasoned team. This acquisition marks Health Advocates Network’s seventh acquisition since its inception in 2020 and continues its strategy of combining organic growth with strategic acquisitions. The transaction is also intended to scale Health Advocates' nursing and corrections staffing business. Health Advocates Network is headquartered in Boca Raton, Florida, and was recently noted as #300 on the Inc. 5000 2024 list of fastest-growing private companies in America.
Sectors
- Healthcare Staffing
- Correctional Facility Staffing
- Mergers and Acquisitions
Geography
- United States – The location of both Health Advocates Network and Medical Temps' operations and the main geographic area of expansion.
- Louisiana – The state where Medical Temps is based, contributing to local staffing in healthcare and correctional facilities.
- Florida – The headquarters of Health Advocates Network is located in Boca Raton, Florida.
- Texas and Arkansas – These are the target areas for geographic expansion following the acquisition of Medical Temps.
Industry
- Healthcare Staffing – This industry involves companies that provide temporary and permanent staffing solutions for healthcare facilities, such as hospitals and nursing homes.
- Correctional Facility Staffing – This sector involves staffing services specifically tailored to meet the needs of correctional facilities for healthcare professionals.
- Mergers and Acquisitions – Refers to the consolidation of companies or assets, in this case via Health Advocates Network's acquisition of Medical Temps.
Financials
- Not Disclosed – The financial details of the acquisition between Health Advocates Network and Medical Temps were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Health Advocates Network, Inc. | Acquirer | Company | A national provider of healthcare staffing solutions aiming to expand its operations through strategic acquisitions. |
| Medical Temps, Inc. | Target | Company | A Louisiana-based staffing firm providing professionals to healthcare and correctional facilities, recently acquired by Health Advocates Network. |
| Sarah Calhoun Allbritton | CEO of MTI | Person | Founder and Chief Executive Officer of Medical Temps, Inc. |
| Kevin Little | CEO of Health Advocates Network | Person | Chief Executive Officer of Health Advocates Network, overseeing the acquisition strategy. |
| Eddie Albert | Director of M&A, Health Advocates Network | Person | Director of Mergers and Acquisitions at Health Advocates Network, involved in the acquisition pipeline. |