Honor Medical Staffing
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Honor Medical Staffing - overview
Established
1985
Location
Southfield, MI, US
Primary Industry
Business Support Services
About
Honor Medical Staffing is a healthcare staffing agency specializing in temporary and permanent staffing solutions for medical professionals, including physicians and nurse practitioners, serving healthcare facilities across the United States. Founded in 1985 in Southfield, US, Honor Medical Staffing provides staffing solutions for the healthcare industry. The company has not reported any significant pivots or changes in business operations. Rob Cagno founded the company and continues to lead it, with Jeremy Feller and Langston Jones serving as CEOs.
Honor Medical Staffing completed its most recent deal on October 1, 2015. Honor Medical Staffing specializes in high-quality staffing solutions for the healthcare sector, focusing on the recruitment of physicians, nurse practitioners, physician assistants, and CRNAs (Certified Registered Nurse Anesthetists). Operating mainly in the locum tenens market, the company helps healthcare facilities fill immediate staffing gaps with temporary medical staff. Since its inception, Honor has expanded its services to include permanent staffing solutions, catering to a wide array of clients such as hospitals and medical groups throughout the United States.
Honor Medical Staffing generates revenue through service agreements with healthcare providers needing staffing solutions. The company charges fees based on the duration of placements and the level of service provided, consistent with industry norms. This allows Honor to achieve revenue through both short-term locum tenens placements and longer-term agreements for permanent staff, with pricing structures tailored to the specific medical professional being placed and the urgency of the staffing requirements. Looking ahead, Honor Medical Staffing plans to enhance its service offerings by developing new products aimed at improving staffing efficiency in the healthcare sector.
The company is targeting expansion into new geographical markets, although specific regions have not been disclosed. Recent funding received in 2015 will be utilized to support these growth initiatives, including the launch of new staffing solutions designed to meet evolving healthcare demands.
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Healthcare
Website
www.honormedical.com
Total Amount Raised
Subscriber access only
Honor Medical Staffing - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Honor Medical Staffing | - |
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