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Care Coordination: TNAA and TotalMed Merge to Build Full-Service Platform
- Gridiron Capital and Stella Point Capital have merged Travel Nurse Across America (TNAA) with TotalMed.
- TNAA provides travel nurses and health professionals to various healthcare facilities across the United States.
- TotalMed offers temporary and permanent placement of travel nurses, health professionals, and non-clinical staff.
- The merged platform integrates TNAA's SimpliFi and TotalMed's Staffency for workforce management.
- The combination aims to support various roles in healthcare, life sciences, and workforce solutions.
- TNAA's CEO, Tim McKenzie, will lead the merged entity.
- The merger is seen as a strategic move to enhance services and value proposition for customers.
- Gridiron Capital invests in companies with enterprise values between $75 million and $600 million.
- Stella Point invests in North American middle market companies with enterprise values from $50 million to $500 million.
- The merger is expected to create a strong strategic partner for hospitals nationwide.
- Houlihan Lokey advised TNAA, while UBS Investment Bank advised TotalMed.
- The cultural alignment between TotalMed and TNAA is emphasized as a strength of the merger.
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