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Great Point Partners Backed American Surgical Professionals Continues Nurse Staffing Expansion through Acquisition of Chesapeake Medical Staffing
Introduction
GREENWICH, CT and and HOUSTON, TX — Great Point Partners (“GPP”) today announced that American Surgical Professionals (“ASP”), a GPP I portfolio company, has acquired Lutherville-Timonium, MD-based Chesapeake Medical Staffing (“CMS”). CMS focuses on providing nurse staffing and allied health services to acute and post-acute care facilities throughout the East Coast. The addition of CMS will enable ASP to provide a comprehensive set of outsourced healthcare staffing solutions to its existing client base of over 250 hospitals and health systems and provide infrastructure support to CMS’ current and future clients.
“The acquisition of Chesapeake Medical Staffing enables American Surgical Professionals to further establish itself as a leading provider of outsourced staffing services for hospitals and health systems nationwide,” said Tom Kirk, CEO of ASP. “The addition of CMS enables us to partner with the fantastic team that Jeff McClure and Terri Weller have built and collectively provide a greater set of service offerings to ASP and CMS’ existing clients.”
“This transaction is a clear demonstration of ASP’s commitment to expanding its breadth of service offerings for our clients,” said Rohan Saikia, Managing Director at Great Point Partners. “ASP will continue to partner with leading nurse staffing and allied health businesses throughout the United States to further solidify its position as a leading provider of outsourced health care staffing solutions.”
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $1.1 billion of equity capital under management and 28 professionals, investing in the United States, Canada and Western Europe. GPP is currently making new private equity investments from GPP II, a $215 million fund. Great Point Partners manages capital in private (GPP I, $156 million and GPP II, $215 million) and public (BioMedical Value Fund, approximately $675 million) equity funds. Great Point Partners has provided growth equity, growth recapitalization and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, services, outsourcing, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. For further information, please contact Great Point Partners at 203-971-3300 or www.gppfunds.com.
About American Surgical Professionals
Founded in 1993 and headquartered in Houston, TX, American Surgical is the nation’s leading provider of professional surgical assistant services to hospitals, clinics (ASC), surgeons and patients. The Company offers custom tailored solutions to perioperative staffing situations. These include providing surgical specialists on an outsourced, as needed or contract basis. In addition to being Joint Commission certified, ASP’s professionals are experienced in all state-of-the-art technologies such as robotics and current medical techniques such as endoscopic vein harvesting. The utilization of ASP’s services results in a reduction of staff management complexities, enhanced economics and improved outcomes for surgical procedures. For more information, please visit www.amerisurg.com or call 713-779-9800.