November 19, 2012
J.W. Childs Completes Sale of CHG Healthcare Services

We are pleased to share with you news on the sale of our portfolio company, CHG Healthcare Services, to Leonard Green & Partners and Ares Management. CHG is the oldest and largest locum tenens (temporary physician) staffing company in North America and one of the largest providers of healthcare staffing. The sale was announced last month through a press release and closed today.

The company provides a comprehensive service offering that includes temporary and permanent placement of physicians, allied health professionals and nurses to hospitals and healthcare organizations in all 50 states through such trusted brands as CompHealth, Weatherby Healthcare, RN Network, and Foundation Medical Staffing. Headquartered in Salt Lake City, UT, CHG employs 1,400 people in seven offices nationwide and is recognized as a top employer in the U.S. including inclusion on FORTUNE magazine’s list of “100 Best Companies to Work For” in America.

“We have truly enjoyed our six-year partnership with the entire CHG management team and organization. We thank them for their dedication and efforts in making CHG the preeminent locum tenens provider and healthcare staffing company in the country,” said David Fiorentino, Partner at J.W. Childs Associates. “Since our investment in late 2006, CHG has successfully navigated varying economic conditions and significantly increased EBITDA each year. We are very pleased with the 5.3x return on our investment and we wish CHG continued success in building upon its leadership position.”

J.W. Childs is a Boston-based private equity firm focusing on investing in middle market growth companies. Since inception in 1995, J.W. Childs has invested more than $3 billion of equity capital in 41 platform companies including Advantage Sales & Marketing, Bass Pro Shops, Beltone Electronics, Brookstone, Esselte, Joseph Abboud, Mattress Firm, Meow Mix, NutraSweet, Pinnacle Foods, Sunny Delight, The Tile Shop and W/S Packaging.

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