Medical Solutions
Medical Solutions ("MedSol") is a provider of travel nurse staffing services in the United States. The Company contracts with hospitals to staff nurses on a temporary basis.
Past
Status
2015
Investment Date
2021
2021
Exit Date
Omaha, NE
Location
$500M - $1B
Revenue at Exit
Outsourced Services
Sector
BPOC Value Creation
Proactive Sourcing
BPOC established an investment thesis in the staffing sector based on experience gained through investments in the outsourced emergency medicine management businesses. As part of the thesis development process, BPOC created a list of potential investments, including Medical Solutions, and due to its outbound efforts was one of just ten buyers contacted in a limited sale process.
Human Capital
Within the first six months of BPOC’s involvement, MedSol added key members of the management team, including hiring a CFO and CIO. In addition, MedSol promoted its VP of Sales to COO and added three national account representatives to support its Managed Service Provider (MSP) offering.
Growth
During BPOC’s investment period, MedSol grew its MSP program meaningfully and was awarded an MSP contract with a large health system by leveraging BPOC relationships and experience. Expansion of MedSol’s MSP program was a significant driver of growth.
Technology and Operations
BPOC facilitated significant investments in MedSol’s operating infrastructure. These investments included a new technology platform with automation capabilities to drive recruiting efficiencies as well as opening an office in the Denver area to access a new labor pool.
Details on case studies have been included for illustrative purposes only and have been selected in order to provide examples of the types of investments made by BPOC and do not purport to be a complete list of investments. A complete list of BPOC investments is available upon request.
Details on selected active and former investments have been included for illustrative purposes only and have been selected in order to provide examples of the types of investments previously made by BPOC that fit within the current investment strategy; select investments do not purport to be a complete list of investments. Representative Past investments only include portfolio companies commencing with Fund III, which represents the time of the current partners tenure and the same investment strategy currently being deployed. Fund I and Fund II investments are included in the full list of investments here: (https://bpoc.com/all-investments/).
See other examples of value creation
See other examples of value creation
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