One Equity Partners Completes Prime Time Healthcare Acquisition
Middle market private equity firm One Equity Partners has completed its acquisition of healthcare staffing services provider Prime Time Healthcare.
While terms of the deal were not disclosed, it comes at a time when the healthcare industry is facing a workforce challenge, with huge demand for labor and rising costs for providers.
The COVID-19 pandemic has worsened the labor shortage, with more healthcare professionals planning to depart from their roles over the next few years than before the pandemic.
One Equity Partners principal Charlie Cole said Prime Time is already a leader in the healthcare staffing industry, but the firm plans to continue the company’s growth “through complementary acquisitions that will broaden its service offerings and better position Prime Time to serve both its clinicians and customers.”
Prime Time co-founder Ron Spencer pointed to the “increasing demand for caregivers” in the US, a key challenge for the healthcare industry.
Coker Capital served as exclusive financial advisor to PrimeTime Healthcare.
