2 private equity firms buy CHG Health Services

By Admin
Two private equity companies have acquired CHG Health Services. The current management of the Salt Lake City-based health care staffing services provid...

Two private equity companies have acquired CHG Health Services. The current management of the Salt Lake City-based health care staffing services provider is keeping a larger stake in the company.

Ares Management LLC and Leonard Green and Partners bought control of CHG from Boston-based private company J.W. Child Associates late last month, Leslie Snavely, CHG Vice President of Marketing said.

The company did not disclose the terms of the deal. Matthew Peterson, Vice President of the Utah Fund of Funds, which helped to bring Ares and CHG together said, “Ares paid “hundreds of millions dollars” for its stake.

Utah Funds of Funds said the Ares investment will support 820 jobs in Utah. CHG Health also employs close to 600 people in six other U.S. offices.

CHG helps hospitals and health care companies hire physicians, nurses and other healthcare professionals. Ares  has $54 billion of investor capital under management and Leonard Green manages $15 billion.

Senior Partner at Ares, Bennett Rosenthal said, “We are delighted to join Leonard Green in supporting CHG’s talented leadership team as long-term investors in the company.”

CHG Healthcare Services is the largest healthcare staffing companies providing service offering including temporary and permanent placement of physicians, allied health professionals and nurse to hospitals and healthcare companies in 50 states. 

Share
Share

Featured Articles

Johnson & Johnson: Turning supplier spend into local support

Johnson & Johnson’s Global Supplier Diversity & Inclusion team is growing spending with social enterprises around the globe to expand its impact

Seasonal Affective Disorder’s impact on health & solutions

Dr Ravi Gill & Dr. Naomi Newman-Beinart discuss Seasonal Affective Disorder and its treatments, from vitamin D spray to light therapy

CGI teams up with Totalmobile for digital healthcare service

CGI is driving efficiency in healthcare. Hear from Helena Jochberger, at Manufacturing Digital LIVE, a free virtual event on Wednesday 6th December 2023

Deloitte: generative AI can improve access to healthcare

Technology & AI

Wipro & NVIDIA’s revolutionary healthcare uses generative AI

AI & ML

Healthtech platform CoverSelf extends seed round to US$8.2m

Technology & AI