AMN Healthcare to acquire three companies
OGH, LLC is a healthcare and technology workforce solutions holding company, and includes Onward Healthcare, a national nurse and allied healthcare staffing firm Locum Leaders, a national locum tenens provider and Medefis, a provider of a SaaS-based vendor management system for healthcare facilities. The 2014 projected consolidated revenue for the three companies is $112 million, with anticipated EBITDA of approximately $10 million.
"This acquisition will enable us to increase the fill rates of our clients' critical staffing needs," said Susan Salka, president and chief executive officer of AMN Healthcare. "As a combined company, we are immediately growing our talent pool of quality clinicians and physicians and adding experienced sales and service team members.
"At the same time, we are further enhancing our workforce solutions offering with the addition of Medefis, a differentiated and highly regarded VMS technology that provides healthcare facilities with another vendor-neutral option to streamline the management of their contingent labor," she noted.
Kevin Clark, CEO and founder of OGH, LLC, added, "We are pleased that AMN will carry on the legacy of Onward Healthcare, Locum Leaders and Medefis. Under AMN's leadership, we are confident these brands will continue their success in the market, which was built around best-in-class customer service and support."
The acquisition, subject to regulatory approvals and customary closing conditions, is expected to close by mid-January 2015. OGH, LLC is majority owned by Welsh, Carson, Anderson & Stowe, a private equity firm. Robert W. Baird served as the exclusive financial advisor to OGH, LLC on this transaction.