Jackson Healthcare Staffing Completes Largest Healthcare Staffing Transaction of 2006; Acquisition Makes JHS One of Top 5 Firms
Posted on: Monday, 1 May 2006, 09:02 CDT
Jackson Healthcare Staffing (JHS), a division of Jackson Healthcare Solutions, today confirmed it should triple 2005 revenue this year with completion on April 28 of its purchase of substantially all of the assets of bankrupt, Pittsburgh-based World Health Alternatives, Inc. (Symbol: WHAIQ.PK).
Annual Revenue Tripled
A privately held company with revenue of more than $100 million in 2005, JHS expects 2006 revenue of more than $300 million, making it one of the top five largest healthcare staffing companies. "Until now we've grown completely organically--without any acquisitions," Jackson Healthcare Staffing Chief Executive Officer Richard L. Jackson said. "We see this acquisition as an opportunity to leverage our knowledge and experience to broaden our capabilities in providing hospitals their most important asset: people."
As of the year ending December 31, 2005, JHS had achieved a five-year average annual organic revenue growth rate of 56 percent, Jackson said.
Service Offerings Expanded
"Our focus is on the high demand clinical specialties that are critical to hospitals' success," Jackson said. "This acquisition increases our physician staffing capabilities and expands our service offerings to include nursing and allied professionals."
With the purchase, JHS will operate three new companies:
-- Travel Nurse Solutions (TNS), provider of travel nurse staffing
-- Jackson Allied Staffing, provider of travel allied staffing
-- Jackson & Coker, provider of permanent and temporary ("locum tenens") physician staffing
These new companies will operate along with existing JHS companies:
-- LocumTenens.com, provider of temporary physician/CRNA staffing
-- Premier Anesthesia, provider of anesthesia contract management
Jackson concluded, "We're excited to broaden our scope and open our employee-owned, high-performance culture to new members of the JHS corporate family."
Source: Business Wire
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