TPG Growth Announces Acquisition

MHW learned Monday that TPG Growth — the middle market and growth equity platform of alternative asset firm TPG — has entered into an agreement to acquire a majority stake in Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States.

Beecken Petty O’Keefe & Company (BPOC), who acquired the company in 2015, will retain an equity stake post-close.

The transaction is subject to standard conditions, including regulatory clearance, and is expected to close in the second quarter.

Additional terms of the transaction were not disclosed.

“Faced with large patient volumes and nursing shortages, more and more hospitals are searching for reliable, qualified nurses,” said Matthew Hobart, Partner at TPG Growth. “As a leading provider of travel nurse staffing services, Medical Solutions is well positioned to help solve this imbalance between supply and demand while offering a superior, tailored solution for hospitals and nurses alike.”

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