NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Reportlinker Review is a series of posts featuring Innovations, Social and Economic Megatrends to understand the World of Tomorrow. Each post is illustrated with statistics for one industry. Reportlinker Review in a nutshell
BelHealth purchases AHS Staffing for undisclosed amount
BelHealth plans to diversify services
AHS Staffing appoints new chairman
How is the market ? The healthcare staffing market in the United States is expected to grow at a compound annual growth rate (CAGR) of 13.7% by 2021, according to Beige Marketing Intelligence. Healthcare staffing agencies work like traditional employment agencies. They place temporary and permanent employees in various healthcare roles including hospitals, clinics and private practices. Equity firm BelHealth Investment Partners recently purchased healthcare staffing agency AHS Staffing for an undisclosed amount with the goal of forming a nationwide staffing firm. The majority stake was purchased from five individuals: three next-level managers, President Jerick Henley and CEO Mark Smith. All five will remain on staff. In addition, AHS Staffing will maintain its name. "We are excited to partner with BelHealth, an experienced healthcare private equity firm," Smith told Staffing Industry Analysts. "We have built a strong platform that is well positioned to capture the significant opportunities in the healthcare staffing market. BelHealth has an extensive healthcare network and we look forward to working together to build AHS into a diversified, national staffing business." The deal closed Oct. 14. BelHealth operates two divisions: one for travel nurses and one for pharmacy staff. It has assets totaling $500 million. BelHealth invests strictly in the healthcare sector. This is its first staffing agency acquisition.