Information on the Target

Prime Time Healthcare, founded in 2012 and based in Omaha, Nebraska, is a prominent provider of healthcare staffing services across the United States. The Company specializes in travel nursing assignments, offering comprehensive placement services for registered nurses (RNs), licensed practical nurses (LPNs), certified nursing assistants (CNAs), and allied health clinicians. With a strong network, Prime Time connects approximately 8,500 healthcare facilities nationwide with qualified professionals, ensuring the delivery of top-tier patient care.

In addition to travel nursing, Prime Time Healthcare provides diverse staffing solutions including per-diem nursing, temporary-to-permanent placements, and permanent nursing assignments. The Company has established itself as a leader in the healthcare staffing sector, providing essential support to facilities amidst the ongoing workforce challenges in the healthcare industry.

Industry Overview in the U.S.

The healthcare staffing industry in the United States is characterized by its dynamic nature, primarily driven by the increasing demand for healthcare professionals. As the population ages and the prevalence of chronic conditions rises, healthcare facilities face significant challenges in securing an adequate workforce. This demand is expected to continue escalating, creating numerous opportunities within the staffing sector.

In recent years, the healthcare staffing industry has undergone substantial transformation. The rise of specialized staffing firms and innovative staffing solutions has enabled healthcare providers to navigate workforce shortages effectively. Industry players are leveraging technology and data analytics to enhance recruitment processes and improve retention rates among healthcare professionals.

Additionally, the competitive landscape requires staffing companies to adapt continuously to healthcare facilities' evolving needs. Factors such as increased regulatory compliance, the emphasis on quality patient care, and the urgency of efficient staffing solutions create a challenging yet rewarding environment for healthcare staffing firms.

As the staffing industry continues to evolve, strategic partnerships and acquisitions are anticipated to play a critical role in driving growth and enhancing service delivery capabilities within the sector. Companies that can effectively identify and address the complexities of healthcare staffing will be well-positioned for long-term success.

The Rationale Behind the Deal

The acquisition of Prime Time Healthcare by One Equity Partners (OEP) aligns with OEP's strategic objective of investing in high-growth healthcare companies. By partnering with Prime Time, OEP aims to leverage its expertise and resources to drive the Company’s expansion and improve its service offerings to clients and healthcare professionals alike.

With increasing challenges in the healthcare workforce, the partnership is expected to enhance Prime Time’s capabilities in recruitment, retention, and technology-driven solutions. This collaboration will allow Prime Time to adopt innovative concepts and add new service lines, significantly benefiting healthcare organizations affected by workforce shortages.

Information about the Investor

One Equity Partners (OEP) is a middle market private equity firm focused on identifying transformative opportunities in the industrial, healthcare, and technology sectors. With a proven track record since its inception in 2001, OEP has executed over 300 transactions globally, emphasizing the creation of market-leading companies through strategic business combinations.

OEP's partnership with Prime Time marks a significant step forward in its healthcare investment strategy, leveraging its extensive industry insights and operational expertise. The firm is committed to driving value for its investment partners through a differentiated approach and a dedicated team committed to long-term growth.

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The acquisition of Prime Time Healthcare by One Equity Partners is viewed as a robust investment opportunity in the fragmented healthcare staffing industry. Given Prime Time's established presence and expertise in travel nursing, OEP's involvement is likely to catalyze accelerated growth and enable the Company to expand its service offerings significantly.

The current challenges faced by healthcare facilities in recruiting and retaining qualified staff make Prime Time's services increasingly pertinent. With OEP's resources and experience in scaling healthcare businesses, the partnership has the potential to address these challenges more effectively and enhance patient care outcomes.

Furthermore, as the demand for healthcare professionals continues to rise, Prime Time is well-positioned to capitalize on market trends and explore new service lines. The introduction of innovative concepts and advanced technological solutions in staffing can strengthen Prime Time’s competitive edge in the industry.

Overall, this strategic acquisition could prove to be a promising investment, fostering growth and operational excellence in a critical sector of the U.S. economy.

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