The Vistria Group Completes Acquisition Of Supplemental Health Care

Supplemental Health Care Brings in New Investor to Accelerate Growth

Feb 11, 2016, 10:00 ET from Supplemental Health Care

PARK CITY, Utah, Feb. 11, 2016 /PRNewswire/ -- Supplemental Health Care announced today it has partnered with The Vistria Group, a Chicago-based private investment firm.

Longtime staffing industry leaders and Vistria operating partners, Greg Palmer and Ron Malone, will serve on Supplemental Health Care's Board of Directors as chairperson and vice-chairperson, respectively. Palmer, the former CEO of RemedyTemp Inc., has 30 years of experience in the staffing industry. Malone, the former chairperson & CEO of Gentiva Health Services, has 30 years of experience in staffing and home health care. Janet Elkin, who has served as Supplemental Health Care's CEO since 2010, and the company's existing leadership team will continue to operate and manage the company.

"Janet and her team have built a tremendous platform that is well-positioned to help healthcare providers meet the challenges of recruiting and retaining high-quality clinical staff in this supply-constrained environment," said Vistria's Amy Christensen, who also will join the board of Supplemental Health Care. "We are very excited about the growth opportunities ahead, particularly in providing healthcare staffing for school districts."

Founded in 1984, Supplemental Health Care has grown to a national provider of workforce solutions, with 60 local offices and four national divisions, providing industry-leading, localized customer support and seamlessly connects clients to a national pool of traveling nurses, allied healthcare staff, physicians, and advanced practitioners. Supplemental Health Care also offers Managed Service Provider (“MSP”) and Recruitment Process Outsourcing (“RPO”) programs, which provide comprehensive outsourced management of temporary and permanent clinical staff recruitment, respectively.  The company’s RPO division Clinical Magnet is the industry's only workforce planning provider exclusively focused on the clinical hiring needs of healthcare organizations.  The company is also expanding its offerings for healthcare staffing in school districts.

"We are excited to have Vistria as our new partner, and appreciate their commitment to our long-term growth," Elkin said. "In particular, Vistria's deep relationships with leading healthcare providers and school districts, which is a growth vertical for us, will help us significantly accelerate the growth of our MSP and RPO divisions."

"Supplemental Health Care's customizable workforce solutions and reputation for high-touch, dedicated customer service are highly attractive for healthcare systems and school districts," Palmer said. "As healthcare providers confront severe shortages of nurses, allied staff, and physicians, the company is well-poised to reach beyond the traditional staffing model and serve as a long-term partner with a comprehensive suite of workforce solutions."

About Supplemental Health Care
Since its inception in 1984, Supplemental Health Care has served as a comprehensive workforce solutions provider, delivering highly customized strategies to address staffing challenges faced by healthcare organizations, schools, and correctional facilities. Leveraging a nationwide database of 3.5 million clinicians, Supplemental Health Care helps customers recruit and retain skilled clinical and non-clinical healthcare professionals.

Headquartered in Park City, Utah, Supplemental Health Care maintains a network of 60 local offices in major markets across the U.S., which provide industry-leading, localized customer support and seamlessly connect clients to a national pool of traveling nurses, allied healthcare staff, physicians, and advanced practitioners. Supplemental Health Care also offers Managed Service Provider ("MSP") and Recruitment Process Outsourcing ("RPO") programs, which provide comprehensive outsourced management of temporary and permanent clinical staff recruitment, respectively.

Visit www.SupplementalHealthCare.com to learn more.

About The Vistria Group
The Vistria Group is a Chicago, IL based private investment firm focused on investing in middle market companies in the healthcare, education, and financial services sectors. Vistria's team is comprised of highly experienced operating partners and private equity executives with proven track records of working with management teams in building innovative market leading companies.

SOURCE Supplemental Health Care



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