CHG Healthcare

CHG Healthcare is a Utah-based company specializing in staffing solutions for the healthcare industry, offering locum tenens placements and workforce management services to healthcare facilities across the United States. Founded in 1979 in Midvale, Utah, CHG Healthcare Services Inc. focuses on staffing solutions tailored to the healthcare sector. The company has completed a total of 7 deals, with its most recent funding round, a Recapitalisation, occurring on May 1, 2020, which raised USD 525.

00 mn. The firm was established by Ernesto Gerardo and is currently led by CEOs Ann Warren, Scott Beck, and Tony Wang. CHG Healthcare specializes in providing comprehensive staffing solutions primarily for the healthcare industry. The company’s core offerings include locum tenens placements, permanent placement services, and workforce management solutions tailored to hospitals, clinics, and other healthcare facilities.

These services address critical staffing shortages and enhance operational efficiency, allowing healthcare providers to maintain high-quality patient care. CHG Healthcare serves a diverse client base across the United States, including hospitals, health systems, and private practices, as well as various geographical markets such as urban centers and rural communities. By leveraging technology and a network of healthcare professionals, CHG Healthcare ensures that clients have access to qualified personnel when they need them most. CHG Healthcare generates revenue primarily through its staffing services, involving contractual agreements with healthcare providers for the supply of temporary and permanent staff.

The revenue model is built on a business-to-business (B2B) structure, where clients engage in partnerships to fulfill their staffing needs. Revenue is derived from fees associated with successful placements, which vary according to the type of service provided and the duration of the contract. In the most recent year, the company reported an EBITDA of USD 100,000,000. Looking ahead, CHG Healthcare aims to expand its service offerings by developing new products designed to enhance staffing solutions further.

The company is also planning to enter new geographic markets, focusing on underserved regions in the United States. The recent funding of USD 525. 00 mn will be utilized to support these initiatives, allowing CHG Healthcare to scale operations and improve service delivery. In May 2020, the firm secured USD 15 million in debt financing from Goldman Sachs Merchant Banking Division to bolster its expansion efforts.