American Healthcare Staffing Group (AHSG), a portfolio company of BelHealth Investment Partners, has acquired Thaxton Barabe, a provider of interim healthcare management staffing. BelHealth acquired AHSG in October 2016.
Thaxton Barabe provides interim healthcare management staffing as wells as recruitment process outsourcing (RPO), executive search, and management consulting. Customers include some of the largest healthcare systems in the country including Kaiser Permanente, Hospital Corporation of America, Tenet Health and Sutter Health. Thaxton Barabe was founded in 2013 and is headquartered in Portland (www.thaxtonbarabe.com).
Jay Somera, the founder and CEO of the company, will remain as President and will continue to lead Thaxton Barabe. “I am excited to join AHSG and benefit from the considerable resources of both BelHealth and AHSG to accelerate Thaxton’s growth,” said Mr. Somera. “Our company has grown rapidly over the last few years and we are well positioned to continue gaining market share. We look forward to working closely with AHSG’s leadership team to build a national and diversified healthcare staffing company.”
AHSG is a national provider of healthcare staffing. Specialties include dialysis, pharmacy, interim healthcare leadership, travel nurse and vendor management. The company is headquartered in Edmond, OK (www.ahsstaffing.com).
BelHealth is active in accelerating organic growth in AHSG’s existing divisions by adding recruiters and business development professionals throughout the country, and is pursuing add-on acquisitions in high growth and attractive areas of healthcare staffing.
“In partnering with Jay and his team, we add another experienced senior executive to our leadership group and a new high growth division to complement our existing verticals. We have built a diversified company with offices in three states, talented personnel throughout the country and a base from which to accelerate organic growth. We look forward to continuing our momentum and building one of the country’s leading healthcare staffing companies,” said Paul Barrett, a BelHealth Vice President.
BelHealth Investment Partners invests from $20 million to $50 million in companies in three healthcare segments: services, products, and distribution. BelHealth is currently investing out of a $350 million fund and is based in New York (www.belhealth.com).
© 2017 Private Equity Professional | May 8, 2017