Medical Solutions Receives Investment from Tenex Capital Management and McCarthy Capital Fund V
Omaha, Neb. (June 25, 2012) – Medical Solutions, a leading national healthcare staffing company
headquartered in Omaha, Neb., today announced the completion of an investment by Tenex Capital
Management and McCarthy Capital Fund V. Medical Solutions’ partnership with long-term-oriented capital
providers will allow it to build on its industry-leading standard for customer service by continuing to develop
service technology, and also to increase both the number of job opportunities for travelers and the number
of quality candidates to healthcare facilities..
Medical Solutions prides themselves as being the leader of engaging their travelers through social media in the travel nurse industry. “We are very proud to be the first company to host a Pinterest contest in our industry. It’s exciting finding and tuning in to new ways we can interact with our Travelers, especially on a fun platform they really enjoy,” said Jeannie Holmes, the Marketing Specialist for Medical Solutions. The Omaha company was also the first in their industry to launch a true mobile site in June 2011.
“We are excited for this investment to help us continue the growth and success our company has achieved.
We plan to further invest in technology to support our increased penetration of the market and enable us to
continually improve our relationships and experiences with our valued hospital and traveling healthcare
professionals,” said Scott Anderson, CEO, of Medical Solutions.
“We are excited at the prospect of working with a well-positioned industry leader and its ability to fill a gap in
the current marketplace,” said Varun Bedi, managing director and principal at Tenex Capital Management.
“We’re thrilled to make this investment in Medical Solutions and we look forward to working with
management in furthering its growth,” said Patrick Duffy, managing partner of McCarthy.
An enhancement to Medical Solutions will be the addition of a board of directors, composed of Tenex and
McCarthy and chaired by Steven Francis. Mr. Francis, co-founder and former longtime CEO of AMN
Healthcare Services, Inc. (NYSE:AHS), the largest healthcare staffing company in the US, will add decades
of industry knowledge and experience. “With the backdrop of a dynamically changing market, we analyzed
several players in the industry and found that the Medical Solutions model is uniquely positioned to thrive in
today’s market,” commented Mr. Francis.
About Medical Solutions, Inc.
Medical Solutions, Inc. was one of the first travel nurse and allied healthcare staffing companies to be certified by the Joint Commission and has been continuously certified since 2004. Its focus is on meeting the urgent and short-term staffing needs of its clients with highly skilled allied health professionals, nurses and technologists. A nationwide network of travelers allows Medical Solutions to help its client hospitals continue to provide excellent patient care amidst a nursing and allied health shortage. Medical Solutions has contracts with nearly 1100 client hospitals nationwide and is one of the fastest growing companies in the travel nursing and allied health industry. Visit MedicalSolutions.com to learn more.
About Tenex Capital Management
Tenex Capital Management is a private equity fund that invests in middle-market companies. Tenex utilizes an in-house team of hybrid professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has established a successful track record investing in diverse industries, including transportation, industrials, manufacturing, and health and business services. For more information, please visit http://www.tenexcm.com.
About McCarthy Capital Fund V
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private equity firm focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. For more information about McCarthy, please visit www.mccarthycapital.com.