Travel Nurse Across America and TotalMed Merge in Strategic Alliance
Deal News | May 29, 2025 | Stella Point Capital LLC
Gridiron Capital and Stella Point Capital have announced a strategic merger between their respective portfolio companies, Travel Nurse Across America (TNAA) and TotalMed. This merger combines the complementary strengths of both healthcare staffing firms to offer an expanded suite of services, including travel nursing, workforce solutions, and life sciences staffing. The unified entity will leverage technology and shared culture to address the needs of clients and healthcare professionals. TNAA CEO Tim McKenzie will lead the merged company, with Sejal Shah of TotalMed serving on the board. The merger also includes the combination of TNAA's MSP, SimpliFi, with TotalMed's MSP, Staffency, to provide enhanced workforce management solutions. Financial advisors Houlihan Lokey and UBS Investment Bank, along with legal advisors Finn Dixon & Herling LLP and Fried, Frank, Harris, Shiver & Jacobson LLP, facilitated the transaction. The merger positions the combined company as a leader in healthcare staffing, ready to drive innovation and growth in the industry.
Sectors
- Healthcare Staffing
- Private Equity
Geography
- United States – The companies involved, including Gridiron Capital, Stella Point Capital, TNAA, and TotalMed, primarily operate within the U.S., impacting the domestic healthcare staffing market.
Industry
- Healthcare Staffing – The merger involves Travel Nurse Across America and TotalMed, both key players in the healthcare staffing sector, providing services like travel nursing and allied health staffing.
- Private Equity – Involves Gridiron Capital and Stella Point Capital, private equity firms facilitating the merger through strategic investment decisions.
Financials
- Not Disclosed – Financial terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Travel Nurse Across America | Target Company | Company | A healthcare staffing firm specializing in travel nursing and workforce solutions. |
| TotalMed | Target Company | Company | A healthcare staffing firm providing tailored solutions for various healthcare roles. |
| Gridiron Capital | Bidding Company | Company | An investment firm focused on building industry leaders in consumer products, industrial growth, and business services. |
| Stella Point Capital | Bidding Company | Company | A private equity firm investing in tech-enabled companies within business, financial, and industrial services sectors. |
| Finn Dixon & Herling LLP | Legal Advisor | Company | Provided legal advisement to Travel Nurse Across America during the transaction. |
| Fried, Frank, Harris, Shriver & Jacobson LLP | Legal Advisor | Company | Served as legal advisor to TotalMed in the transaction. |
| Houlihan Lokey | Financial Advisor | Company | Acted as exclusive financial advisor to Travel Nurse Across America. |
| UBS Investment Bank | Financial Advisor | Company | Provided exclusive financial advisement to TotalMed. |
| Tim McKenzie | CEO, Merged Company | Person | Current CEO of TNAA, to lead the new merged entity. |
| Sejal Shah | Board Member, Merged Company | Person | CEO of TotalMed, to serve on the board of the new company. |
| Thomas A. Burger Jr. | Co-Founder and Managing Partner, Gridiron Capital | Person | Involved in the management and strategic decisions of Gridiron Capital. |
| Justin Wender | Co-Founder and Managing Partner, Stella Point Capital | Person | Oversees strategic direction at Stella Point Capital. |